An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in malt beverage tax, further providing for limited tax credits.

Summary

The bill updates Pennsylvania’s Tax Reform Code to clarify and broaden limited tax credits for malt and brewed beverage manufacturers. It sets a $200,000 annual cap on qualifying equipment purchases, defines how credits are earned, and permits manufacturers to sell or assign those credits to other qualified taxpayers. The changes aim to encourage capital investment while creating a secondary market for unused credits.

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