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§ 1604-H. Department of Community and Economic Development

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: June 22, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article XVI-H. Tax Credits (Refs & Annos)
Effective: June 22, 2018
72 P.S. § 1604-H
§ 1604-H. Department of Community and Economic Development
Currentness
(a) Educational tax credits.--Tax credits awarded under Article XVII-F of the act of March 4, 1971 (P.L. 6, No. 2),1 known as the Tax Reform Code of 1971, in fiscal year 2015-2016 to a business firm making an approved contribution to a scholarship organization, prekindergarten scholarship organization, opportunity scholarship organization or educational improvement organization may be used in the taxable year in which a completed application was submitted by the business firm or the taxable year in which the contribution was made by the business firm, as determined by the business firm.
(b) Entertainment Economic Enhancement Program.--The following apply:
(1) For fiscal year 2018-2019, in accordance with the procedures under Subarticle E of Article XVII-D of the Tax Reform Code of 19712 and notwithstanding section 1777-D(a) of the Tax Reform Code of 1971,3 the Department of Community and Economic Development shall award tax credits for qualified rehearsal and tour expenses incurred or to be incurred related to 10 tours in the fiscal year. Tax credits awarded under this paragraph may not be considered an advance award of tax credits for the purposes of section 1777-D(b) of the Tax Reform of 1971 and may not reduce the number of tours that the department may award tax credits to in succeeding fiscal years.
(2) In fiscal year 2018-2019, the Department of Community and Economic Development may, in the department's discretion, advance the award of tax credits for qualified rehearsal and tour expenses incurred or to be incurred related to a maximum of two additional tours. Tax credits awarded under this paragraph shall be considered an advance award of tax credits for the purposes of section 1777-D(b) of the Tax Reform code of 1971.

Credits

1929, April 9, P.L. 343, No. 176, art. XVI-H, § 1604-H, added 2016, April 25, P.L. 168, No. 25, § 3, imd. effective. Amended 2018, June 22, P.L. 281, No. 42, § 8, imd. effective.

Footnotes

1
72 P.S. § 8701-F et seq.
2
72 P.S. § 8771-D et seq.
3
72 P.S. § 8777-D.
72 P.S. § 1604-H, PA ST 72 P.S. § 1604-H
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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