Home Table of Contents

§ 8802-E. Tax credit

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 9, 2013

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 XVIII-E. Mobile Telecommunications Broadband Investment Tax Credit (Refs & Annos)
Effective: July 9, 2013
72 P.S. § 8802-E
§ 8802-E. Tax credit
Currentness
(a) General rule.--For tax years beginning after December 31, 2013, and ending before January 1, 2024, a taxpayer that is a provider of mobile telecommunication services shall be allowed a tax credit against the tax imposed under Article IV1 for investment in qualified broadband equipment placed into service in this Commonwealth during a taxable year.
(b) Amount.--
(1) The amount of the tax credit shall be 5% of the purchase price of the qualified broadband equipment under subsection (a).
(2) The amount of the tax credit that may be taken in a taxable year is limited to an amount not greater than 50% of the taxpayer's liability under section 402.2
(3) Any credit claimed under this article but not used in the taxable year may be carried forward for not more than five consecutive taxable years. The tax credit may not be used to obtain a refund.

Credits

1971, March 4, P.L. 6, No. 2, art. XVIII-E, § 1802-E, added 2013, July 9, P.L. 270, No. 52, § 32, imd. effective.

Footnotes

1
72 P.S. § 7401 et seq.
2
72 P.S. § 7402.
72 P.S. § 8802-E, PA ST 72 P.S. § 8802-E
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document