Pennsylvania HB2234 introduces a tax credit for brewers donating spent grain byproduct to eligible agricultural operations.

HB2234 amends the Tax Reform Code of 1971 to establish a tax credit for brewers donating spent grain byproduct to eligible agricultural operations. Qualified taxpayers can claim a tax credit of up to $30,000 or the total amount of their qualified tax liability for the taxable year, whichever is less. The credit can be carried over to succeeding taxable years for up to seven years. The Department of Revenue reviews and approves applications by March 20 each year, and must consult with the Liquor Control Board to verify the amount of spent grain byproduct donated.

Pennsylvania HB2234 introduces a tax credit for brewers donating spent grain byproduct to eligible agricultural operations.

HB2234 amends the Tax Reform Code of 1971 to establish a tax credit for brewers donating spent grain byproduct to eligible agricultural operations. Qualified taxpayers can claim a tax credit of up to $30,000 or the total amount of their qualified tax liability for the taxable year, whichever is less. The credit can be carried over to succeeding taxable years for up to seven years. The Department of Revenue reviews and approves applications by March 20 each year, and must consult with the Liquor Control Board to verify the amount of spent grain byproduct donated.