Section 8706-H - Pass-through entity(a)General rule.-- If a pass-through entity has any unused tax credit under section 1705-H, it may elect in writing, according to procedures established by the department, to transfer all or a portion of the credit to its shareholders, members or partners in proportion to the share of the entity's distributive income to which the shareholder, member or partner is entitled.(b) Limitation.-- A pass-through entity and a shareholder, member or partner of a pass-through entity shall not claim the credit under subsection (a) for the same qualified expenditures.(c) Application.-- A shareholder, member or partner of a pass-through entity to whom a credit is transferred under subsection (a) shall immediately claim the credit in the taxable year in which the transfer is made. The shareholder, member or partner may not carry forward, carry back, obtain a refund of or sell or assign the credit.Amended by P.L. TBD 2019 No. 13, § 13.2, eff. 7/1/2019.Added by P.L. 751 2012 No. 85, § 19, eff. 7/1/2013.