Section 1709-E. Annual tax credits.
(a) Total amount.--The total amount of tax credits authorized by the commission shall not exceed $13,000,000 in any fiscal year.
(b) Chesapeake Bay watershed prioritization.--Notwithstanding any provision of this article to the contrary, the commission may reserve and target up to $3,000,000 of the total amount under subsection (a) in any fiscal year for geographic areas and best management practices for nutrient and sediment reductions within the Chesapeake Bay watershed area.
(1709-E amended June 28, 2019, P.L.50, No.13)
Compiler's Note: Section 31 of Act 13 of 2019 provided that the amendment of sections 1716-D(a), 1777-D, 1709-E, 1702-H, 1703-H, 1705-H(d) and (e) and 1706-H(a) of this act shall apply to fiscal years beginning on or after July 1, 2019.