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§ 8778-D. Penalty

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: October 30, 2017

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-D. Entertainment Production Tax Credit (Refs & Annos)
Subarticle E. Entertainment Economic Enhancement Program (Refs & Annos)
Effective: October 30, 2017
72 P.S. § 8778-D
Formerly cited as PA ST 72 P.S. § 8737-DFormerly cited as PA ST 12 Pa.C.S.A. § 3308
§ 8778-D. Penalty
Currentness
A recipient which claims a tax credit and fails to incur the amount of qualified rehearsal and tour expenses agreed to under section 1773-D(d)(4)1 for a tour in that taxable year shall repay to the Commonwealth an amount equal to 110% of the difference between the amount agreed to under section 1773-D(d)(4) and the amount of qualified rehearsal and tour expenses actually incurred by the recipient. The penalty shall be assessed and collected under Article II.2

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-D, § 1778-D, added 2017, Oct. 30, P.L. 672, No. 43, § 35, imd. effective.

Footnotes

1
72 P.S. § 8773-D.
2
72 P.S. § 7201 et seq.
72 P.S. § 8778-D, PA ST 72 P.S. § 8778-D
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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