72 Pa. Stat. § 8706-I
Current through Pa Acts 2024-53, 2024-56 through 2024-92
(a) General rule.--The total aggregate amount of all tax credits approved shall not exceed $3,000,000 in a fiscal year.
(b) Activities.--No tax credit shall be approved for activities that are part of a business firm's normal course of business.
(c) Tax liability.--A tax credit granted for any one taxable year may not exceed the tax liability of a business firm.
(d) Use.--A tax credit not used in the taxable year the contribution was made may not be carried forward or carried back and is not refundable or transferable.
72 P.S. § 8706-I