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§ 820.1103. Other Commonwealth tax credits

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and CommerceEffective: December 9, 2002

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 73 P.S. Trade and Commerce (Refs & Annos)
Chapter 16B. Pennsylvania Keystone Opportunity Zone Act (Refs & Annos)
Chapter 11. Procedures for Zones
Effective: December 9, 2002
73 P.S. § 820.1103
§ 820.1103. Other Commonwealth tax credits
Currentness
A person or qualified business that is entitled to claim an exemption, deduction, abatement or credit in accordance with the provisions of this act shall not be entitled to claim or accumulate any of the following exemptions, deductions, abatements or credits that it may otherwise have qualified for due to activity within a subzone, improvement subzone or expansion subzone:
(1) Tax Reform Code of 1971:1
(i) Article XVII relating to economic revitalization tax credits;2
(ii) Repealed by 2002, Dec. 9, P.L. 1727, No. 217, § 6, imd. effective.
(iii) Article XVII-B relating to research and development tax credits;3 or
(iv) Article XIX-A relating to neighborhood assistance and enterprise zone tax credits;4
(2) tax credits under section 109 of the act of December 19, 1996 (P.L. 1478, No. 190),5 known as the Waste Tire Recycling Act;
(3) homeowners mortgage credits;
(4) insurance premiums tax credits; and
(5) job creation tax credit under the act of June 29, 1996 (P.L. 434, No. 67),6 known as the Job Improvement Act.
The person or qualified business may apply the exemptions, deductions, abatements or credits to income realized from activity or transactions outside the subzone, improvement subzone or expansion subzone, but only for the taxable year to which the exemptions, deductions, abatements or credits apply. The provisions of this section shall apply only to the taxes set forth in Chapters 5 and 7.

Credits

1998, Oct. 6, P.L. 705, No. 92, § 1103, imd. effective. Amended 2000, Dec. 20, P.L. 841, No. 119, § 8, imd. effective; 2002, Dec. 9, P.L. 1727, No. 217, § 6, imd. effective.

Footnotes

1
72 P.S. § 7101 et seq.
2
72 P.S. § 8701 et seq. (repealed).
3
72 P.S. § 8701-B et seq.
4
72 P.S. § 8901-A et seq.
5
35 P.S. § 6029.109 (repealed).
6
73 P.S. § 400.101 et seq.
73 P.S. § 820.1103, PA ST 73 P.S. § 820.1103
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document