Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8706-I. Amount of tax credits

(a) General rule.--The total aggregate amount of all tax credits approved shall not exceed $3,000,000 in a fiscal year.

(b) Activities.--No tax credit shall be approved for activities that are part of a business firm's normal course of business.

(c) Tax liability.--A tax credit granted for any one taxable year may not exceed the tax liability of a business firm.

(d) Use.--A tax credit not used in the taxable year the contribution was made may not be carried forward or carried back and is not refundable or transferable.