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§ 8832-G. Prohibitions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 1, 2019

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-G. Manufacturing and Investment Tax Credit (Refs & Annos)
Part II. Rural Jobs and Investment Tax Credit
Effective: July 1, 2019
72 P.S. § 8832-G
§ 8832-G. Prohibitions
Currentness
(a) Sale or assignment.--A business firm may not sell or assign, in whole or in part, a tax credit awarded under this part other than to an affiliate having a qualified tax liability.
(b) Carryback or refund.--A business firm may not carry back or obtain a refund of an unused tax credit.
(c) Business activities.--Neither a rural growth fund nor any business firm that invests in the rural growth fund shall be an affiliate of or have a pecuniary interest in a rural business that receives a rural growth investment from the rural growth fund prior to the rural growth fund's initial rural growth investment in the rural business.

Credits

1971, March 4, P.L. 6, No. 2, art. XVIII-G, § 1832-G, added 2016, July 13, P.L. 526, No. 84, § 38.1, imd. effective. Amended 2019, June 28, P.L. 50, No. 13, § 19, effective July 1, 2019.
72 P.S. § 8832-G, PA ST 72 P.S. § 8832-G
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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