Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 8238 (December 30, 2023).

12 Pa. Code § 135.50. Computation for the Enterprise Zone Tax Credit Program.

§ 135.50. Computation for the Enterprise Zone Tax Credit Program.

 (a)  If approved, projects will receive tax credits equal to 20% of eligible project costs, up to the maximum amount approved by the Department. Projects requesting consideration and approved under §  135.49a (relating to Enterprise Zone Tax Credit Program—special program priorities) will receive tax credits equal to 30% of eligible project costs.

 (b)  Tax credits will be granted for investments made to rehabilitate, expand or improve buildings, land or infrastructure according to the approved plan. Approval of tax credits is subject to verification of the value of the investment.

 (c)  An applicant for tax credits shall support the value of the investments made with documentation itemizing the expenditures.

Source

   The provisions of this §  135.50 adopted March 4, 1988, effective March 5, 1988, 18 Pa.B. 937.



No part of the information on this site may be reproduced for profit or sold for profit.


This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.