excessive credit transfer
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 6418 — under this section
For purposes of this paragraph, the term “excessive credit transfer” means, with respect to a facility or property for which an election is made under subsection (a) for any taxable year, an amount equal to the excess of—
(i) the amount of the eligible credit claimed by the transferee taxpayer with respect to such facility or property for such taxable year, over
(ii) the amount of such credit which, without application of this section, would be otherwise allowable under this title with respect to such facility or property for such taxable year.