Jim Gregory voted Yea (Concurrence Vote) on this Legislation.
Title: Amends Tax Law Relating to Personal Income Tax and Transfer of Tax
Signed by Governor Tom Wolf
Title: Amends Tax Law Relating to Personal Income Tax and Transfer of Tax
Vote to concur with Senate amendments and pass a bill that amends tax law relating to personal income tax and transfer of tax.
Establishes a local resource manufacturing tax credit (Sec.).
Amends the dollar amount in tax credits that is available to the Department of Revenue of the Commonwealth (Sec. 6).
Specifies that to assign or sell a tax credit, a qualified taxpayer must file an application with the Department of Revenue of the Commonwealth (Sec. 9).
Establishes that in order for a company to be eligible to receive a tax credit, the must demonstrate the following (Sec. 1732-L):
The company meets the requirements of a qualified taxpayer; and
Confirmation that the company has filed all requirable state tax returns for all taxable years.
Specifies that the Department of Revenue of the Commonwealth shall issue a certificate stating the amount of the tax credit granted for clean hydrogen purchased from regional sources (Sec. 1753-L).
Title: Amends Tax Law Relating to Personal Income Tax and Transfer of Tax
Vote to amend and pass a bill that amends tax law relating to personal income tax and transfer of tax.
Establishes a local resource manufacturing tax credit (Sec.).
Amends the dollar amount in tax credits that is available to the Department of Revenue of the Commonwealth (Sec. 6).
Specifies that to assign or sell a tax credit, a qualified taxpayer must file an application with the Department of Revenue of the Commonwealth (Sec. 9).
Establishes that in order for a company to be eligible to receive a tax credit, the must demonstrate the following (Sec. 1732-L):
The company meets the requirements of a qualified taxpayer; and
Confirmation that the company has filed all requirable state tax returns for all taxable years.
Specifies that the Department of Revenue of the Commonwealth shall issue a certificate stating the amount of the tax credit granted for clean hydrogen purchased from regional sources (Sec. 1753-L).
Title: Amends Tax Law Relating to Personal Income Tax and Transfer of Tax
Title: Amends Tax Law Relating to Personal Income Tax and Transfer of Tax