Section 206.251 - Credit for taxes withheld; election to treat as total tax(1) The amount withheld under section 703 shall be allowed to the recipient of the compensation as a credit against the tax imposed on him or her by this part.(2) The amount so withheld during any calendar year shall be allowed as a credit for the taxable year beginning in such calendar year. If more than 1 taxable year begins in a calendar year, such amount shall be allowed as a credit for the last taxable year so beginning.Amended by 2011, Act 174,s 1, eff. 1/1/2012.Amended by 2011, Act 38,s 1-20, eff. 1/1/2012.1967, Act 281, Eff. 10/1/1967 ;--Am. 1969, Act 332, Imd. Eff. 11/4/1969.