Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8804-G. Manufacturing tax credit

(a) Maximum amount.--The department may award a manufacturing tax credit of up to 5% of the taxpayer's increase in annual taxable payroll if the annual taxable payroll increases in year one by at least $1,000,000 above the base year amount from the creation of new jobs up to the amount specified in the commitment letter.

(b) Determination.--The annual taxable payroll in year one for a new job shall be the sum of the amount of annual taxable payroll in year one for the new jobs created above the taxable payroll in the base year.

(c) Certificate.--After verification by the department that the taxpayer has increased the annual taxable payroll in year one by at least $1,000,000 above the base year amount from the creation of new jobs up to the amount specified and any other conditions required by the department and specified in the commitment letter, the taxpayer shall receive a manufacturing tax credit certificate and filing information.

(d) Applicable taxes.--A taxpayer may apply the manufacturing tax credit to 100% of the taxpayer's qualified tax liability.

(e) Term.--A taxpayer may claim the manufacturing tax credit for a period determined by the department, not to exceed the earlier of:

(f) Availability.--A manufacturing tax credit shall be made available by the department on a first-come, first-served basis.

(g) Limitation.--For each fiscal year beginning after June 30, 2017, $4,000,000 in manufacturing tax credits shall be made available to the department and may be awarded by the department in accordance with this part.  In any fiscal year, the department may reissue, assign or award prior fiscal year manufacturing tax credits which have been recaptured under section 1808-G(a) or (b)  1 and may award prior fiscal year manufacturing tax credits not previously issued.