Section 1603-H.1. Tax credit certificates.
(a) Application.--Notwithstanding section 1829-G(a) of the Tax Reform Code, the following shall apply:
(1) With respect to program one tax credit authority, the application under section 1829-G(a) of the Tax Reform Code shall be filed no later than February 1 for credit-eligible capital contributions made in the preceding calendar year.
(2) With respect to program two tax credit authority, the application under section 1829-G(a) of the Tax Reform Code shall be filed no later than February 1 for credit-eligible capital contributions made in the preceding calendar year.
(b) Review, recommendation and approval.--Notwithstanding section 1829-G(b) of the Tax Reform Code, the department:
(1) Beginning with fiscal year 2020-2021, may not award tax credit certificates that would result in the utilization of more than $12,000,000 in tax credits in any fiscal year, except for tax credits carried forward.
(2) May not award more than $60,000,000 in tax credit certificates, in the aggregate, under Part II of Article XVIII-G of the Tax Reform Code.
(1603-H.1 added July 12, 2026, P.L.265, No.21)