Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8704-J. Application and approval of tax credit

(1) A qualified taxpayer may apply to the department for a tax credit under this section. The application shall be on the form required by the department.

(2) The application must be submitted to the department by February 1 of each year for the tax credit claimed for qualified coal refuse used at an eligible facility during the prior calendar year.

(1) The department shall review and approve applications meeting the requirements of this article by March 20 of each year.

(2) The department may require information necessary to document that a facility qualifies as an eligible facility and the amount of qualified coal refuse used to generate electricity at the eligible facility.

(3) In the review of applications for tax credits, the department shall consult with the Department of Environmental Protection with respect to whether a facility qualifies as an eligible facility and to review the eligible facility's calculation of the amount of qualified coal refuse used to generate electricity.

(3.1) Prior to approving an application, the applicant must have:

(4) Upon approval, the department shall issue a certificate stating the amount of tax credit granted for qualified coal refuse used in the prior calendar year.

(1) Each eligible facility shall report as part of its application under subsection (a) the Federal coal refuse reclamation tax credit amount received by the eligible facility for the four Federal tax quarters that immediately preceded the submittal of the application.

(2) The amount of tax credits received by an eligible facility as calculated under subsection (b) shall be reduced by the Federal coal refuse reclamation tax credit amount received by the eligible facility for the four Federal tax quarters that immediately preceded the submittal of the application under this section.