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§ 8720-L. Administration

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: January 3, 2023

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article XVII-L. Pennsylvania Economic Development for a Growing Economy (PA Edge) Tax Credits (Refs & Annos)
Subarticle B. Local Resource Manufacturing (Refs & Annos)
Effective: January 3, 2023
72 P.S. § 8720-L
Formerly cited as PA ST 72 P.S. § 8711-L
§ 8720-L. Administration
Currentness
(a) Audits and assessments.--
(1) The department may audit a taxpayer awarded a tax credit to ascertain the validity of the amount awarded.
(2) The department may issue an assessment against a taxpayer for an improperly issued tax credit. The procedures, collection, enforcement and appeals of an assessment made under this section shall be governed by Article II.1
(b) Guidelines and regulations.--The department shall develop written guidelines for the implementation of this subarticle. The guidelines shall be in effect until the department promulgates regulations for the implementation of the provisions of this subarticle.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-L, § 1711-L, added 2020, July 23, P.L. 654, No. 66, § 1.1, effective in 60 days [Sept. 21, 2020]. Renumbered as § 1720-L and amended by 2022, Nov. 3, P.L. 1695, No. 108, § 13, effective in 60 days [Jan. 3, 2023].

Footnotes

1
72 P.S. § 7201 et seq.
72 P.S. § 8720-L, PA ST 72 P.S. § 8720-L
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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