Upon receipt from a taxpayer of a certificate from the Secretary issued under section 10.1(c) of the act (47 P. S. § 112.1(c)) the Secretary shall grant a tax credit in the amount certified against any tax then due or thereafter becoming due from the taxpayer under the act. No credit will be allowed against any tax due for any taxable period ending after December 31, 1977.

1. (1) No tax credit or certificate for the credit provided for in the act will be credited or applied against any tax delinquent or past due under this act after the end of the calendar year in which the tax becomes due.
2. (2) Tax credits not utilized by taxpayer because taxpayer’s tax payments were exceeded by the tax credit allowable in any calendar year are available for utilization by the taxpayer in subsequent calendar years, but not beyond December 31, 1977.

Authority

The provisions of this § 73.55 issued under the Malt Beverage Tax Law (47 P.S. § 112.1 (Repealed)).

Source

The provisions of this § 73.55 adopted August 30, 1974, effective August 31, 1974, 4 Pa.B. 1811.