§ 4.9. Application dates.
(a) Overpayment credit. When a portion of an overpayment credit upon which interest has been allowed and paid is transferred, applied or assigned in payment of another tax liability, the overpayment credit acquires a new effective payment date under § 4.7(b) (relating to termination of interest).
(b) Interest credit. Interest that has been allowed and credited is available for transfer, application or assignment in payment of another tax liability, effective on the date the interest ceased to accrue under § 4.7(b).
Cross References This section cited in 61 Pa. Code § 35.2 (relating to interest, additions, penalties, crimes and offenses).
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