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§ 8712-L. Eligibility

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. § 8712-L
Formerly cited as PA ST 72 P.S. § 8703-L
§ 8712-L. Eligibility
Currentness
In order to be eligible to receive a tax credit, a company shall demonstrate the following:
(1) The company meets the requirements of a qualified taxpayer.
(2) The use of carbon capture and sequestration technology, or similar technologies, at the project facility to the extent it is cost effective and feasible at the discretion of the qualified taxpayer.
(3) Confirmation that the company has filed all required State tax reports and returns for all applicable taxable years and paid any balance of State tax due as determined by assessment or determination by the department and not under timely appeal.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-L, § 1703-L, added 2020, July 23, P.L. 654, No. 66, § 1.1, effective in 60 days [Sept. 21, 2020]. Renumbered as § 1712-L by 2022, Nov. 3, P.L. 1695, No. 108, § 7, effective in 60 days [Jan. 3, 2023].
72 P.S. § 8712-L, PA ST 72 P.S. § 8712-L
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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