SECTION 6. TAXPAYER ELECTION

TO TRANSFER CREDIT

.01 Taxpayer Election. A taxpayer may make an election to transfer the credit under § 30D or § 25E to a registered dealer no later than the time of sale. A transfer election will be considered made by a taxpayer upon providing the information described in section 5.02 of this revenue procedure to the registered dealer.

.02 Two Transfer Elections per year . A taxpayer may make no more than two transfer elections per taxable year, consisting of either two § 30D credits or one § 30D credit and one § 25E credit. In the case of a joint return, each individual taxpayer may make no more than two transfer elections per taxable year.

.03 Amount of Transferred Credit . A taxpayer making a transfer election must transfer the entire amount of the credit allowable to the taxpayer to the registered dealer.