---
kind: "section"
citation: "29 C.F.R. § 4206.3"
title: "29"
number: "4206.3"
heading: "Credit against liability for a subsequent withdrawal."
url: "https://uscodex.org/cfr/29/4206.3"
---

# §4206.3. Credit against liability for a subsequent withdrawal.


Whenever an employer that was assessed withdrawal liability for a partial withdrawal from a plan partially or completely withdraws from that plan in a subsequent plan year, it shall receive a credit against the new withdrawal liability in an amount greater than or equal to zero, determined in accordance with this part. If the credit determined under [§§ 4206.4 through 4206.9](/cfr/29/4206.4..4206.9.md) is less than zero, the amount of the credit shall equal zero.


## Notes

### Authority

Authority: 29 U.S.C. 1302(b)(3) and 1386(b).

### Source

Source: 61 FR 34086, July 1, 1996, unless otherwise noted.