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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8709-E. Annual tax credits

Current as of January 01, 2022 | Updated by FindLaw Staff

<Section 31 of Act 2019, June 28, P.L. 50, No. 13, provides that the amendment of 72 P.S. § 8709-E by that Act shall apply to fiscal years beginning on or after July 1, 2019.>

(a) Total amount.--The total amount of tax credits authorized by the commission shall not exceed $13,000,000 in any fiscal year.

(b) Chesapeake Bay watershed prioritization.--Notwithstanding any provision of this article to the contrary, the commission may reserve and target up to $3,000,000 of the total amount under subsection (a) in any fiscal year for geographic areas and best management practices for nutrient and sediment reductions within the Chesapeake Bay watershed area.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8709-E. Annual tax credits - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-8709-e/

Read this complete Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8709-E. Annual tax credits on Westlaw

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