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§ 8802-B. Eligibility

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 1, 2001

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-B. Tax Credit for New Jobs (Refs & Annos)
Effective: July 1, 2001
72 P.S. § 8802-B
§ 8802-B. Eligibility
Currentness
In order to be eligible to receive job creation tax credits, a company must demonstrate to the department the following:
(1) The ability to create the number of jobs required by the department within three years from the start date.
(2) Leadership in the application, development or deployment of leading technologies.
(3) Financial stability and the project's financial viability.
(4) The intent to maintain operations in this Commonwealth for a period of five years from the date the company submits its tax credit certificate to the Department of Revenue.
(5) An affirmation that the decision to expand or locate in this Commonwealth was due in large part to the availability of a job creation tax credit.

Credits

1971, March 4, P.L. 6, No. 2, art. XVIII-B, § 1802-B, added 2001, June 22, P.L. 353, No. 23, § 22, effective July 1, 2001.
72 P.S. § 8802-B, PA ST 72 P.S. § 8802-B
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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