72 Pa. Stat. § 8704-G

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8704-G - Use of tax credits

(a) Initial use.--Prior to sale or assignment of a tax credit under section 1706-G, a qualified taxpayer must first use a tax credit against the qualified tax liability incurred in the taxable year for which the tax credit was approved.

(b) Eligibility.--The credit may be applied against up to 20% of the qualified taxpayer ' s qualified tax liabilities incurred in the taxable year for which the credit was approved.

(c) Application.--The tax credit shall be applied against the qualified taxpayer's liability only after all other statutory tax credits and deductions available to the qualified taxpayer have been used.

(d) Limit.--A qualified taxpayer that has been granted a tax credit under this article shall be ineligible for any other tax credit provided under this act.

72 P.S. § 8704-G

Added by P.L. 751 2012 No. 85, § 19, eff. 7/2/2012.