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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8830-G. Claiming the tax credit

Current as of January 01, 2026 | Updated by Findlaw Staff

<Section 30(10) of Act 2024, July 11, P.L. 674, No. 56, provides that the amendment by that Act of 72 P.S. § 8830-G shall apply to fiscal years beginning after June 30, 2024.>

(a) Presentation.--

(1) Beginning July 1, 2020, with respect to program one tax credit authority, upon presenting a tax credit certificate to the Department of Revenue, a business firm may claim a tax credit of up to 20% of the amount awarded under section 1829-G   1 for each of the taxable years that includes the third, fourth, fifth, sixth and seventh anniversaries of the closing date, exclusive of any tax credit amounts carried over under section 1831-G(b). 2

(2) Beginning July 1, 2024, with respect to program two tax credit authority, upon presenting a tax credit certificate to the Department of Revenue, a business firm may claim a tax credit of up to 20% of the amount awarded under section 1829-G for each of the taxable years that includes the third, fourth, fifth, sixth and seventh anniversaries of the closing date, exclusive of any tax credit amounts carried over under section 1831-G(b).

(b) Allowance.--The Department of Revenue shall allow a tax credit against any tax due under Article VII, VIII, IX or XV,  3 the tax under Article XVI of the act of May 17, 1921 (P.L. 682, No. 284),  4 known as The Insurance Company Law of 1921, amounts imposed under section 212 of the act of May 17, 1921 (P.L. 789, No. 285),  5 known as The Insurance Department Act of 1921, any retaliatory taxes imposed by this Commonwealth or any tax substituted in lieu of one of the taxes under this subsection.

1  72 P.S. § 8829-G.
2  72 P.S. § 8831-G.
3  72 P.S. §§ 7701 et seq., 7801 et seq., 7901 et seq., 8501 et seq.
4  40 P.S. § 991.1601 et seq.
5  40 P.S. § 50.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8830-G. Claiming the tax credit - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-8830-g/

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