Limitation on Credits

Act 2 of 1971, § 1705-A, under TAX REFORM CODE OF 1971.

Act 2 of 1971, § 1705-A

Section 1705-A. Limitation on Credits.--The total amount of employment incentive payments authorized by this article shall not exceed twenty-five million dollars ($25,000,000) in any fiscal year. To insure that credits are not claimed in excess of this amount, a taxpayer may claim the incentive payments only upon presentation of an authorizing certificate. Certificates will be issued to the taxpayer by the Department of Labor and Industry upon presentation to the Department of Labor and Industry of evidence of a qualifying offer of employment. If necessary to avoid certificate issuances in excess of the maximum authorized amount for any fiscal year, the department shall advise the Department of Labor and Industry of the total number of certificates which may be issued in each calendar quarter.

(1705-A added Dec. 15, 1999, P.L.926, No.63)

Compiler's Note: The short title of the act of June 13, 1967 (P.L.31, No.21), known as the Public Welfare Code, referred to in this section, was amended by the act of December 28, 2015 (P.L.500, No.92). The amended short title is now the Human Services Code.

Compiler's Note: Section 5 of Act 63 of 1999, which added section 1705-A, provided that it is the intent of the General Assembly that the addition of sections 1702-A through 1706-A shall be deemed to be a continuation and expansion of the employment incentive payments program authorized in section 491 of the act of June 13, 1967 (P.L.31, No.21), known as the Public Welfare Code. Accordingly:

(1) Nothing in Act 63 shall be construed to preclude consideration of applications for credits filed under section 1701-A of this act or section 491 of the Public Welfare Code, which applications were filed prior to or on the effective date of Act 63.

(2) Nothing in Act 63 shall be construed to preclude the utilization of credits which were approved but not applied under section 1701-A of this act or section 491 of the Public Welfare Code after the effective date of Act 63.