Pennsylvania HB2127 amends the waterfront development tax credit, adjusting timelines and increasing tax credit limits.
Pennsylvania HB2127 modifies the waterfront development tax credit by setting a 60-day deadline for the Department of Revenue to notify waterfront development organizations about their approval status. It also raises the cap on tax credits to 90% of total contributions by a business firm and increases the annual limit on all tax credits to $10,000,000. The bill aims to streamline the approval process and enhance financial incentives for waterfront development projects.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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