(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 1971 2 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.
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