Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8828-G. Business firms

(a) General rule.--To qualify for a tax credit, credit-eligible capital contributions made by a business firm to a rural growth fund must be used by the rural growth fund for rural growth investments in a rural business under this part.

(b) Submission.--In connection with the documentation submitted under section 1825-G(b),  1 a rural growth fund shall submit, on behalf of its business firm investors, on a form and in a manner required by the department, a description of credit-eligible capital contributions for approval by the department.  The submission shall include for each credit-eligible capital contribution:

(c) Limitation.--The department may not approve more than $30,000,000 in credit-eligible capital contributions under this part.