Agency: Pennsylvania Community & Economic Development

An entity that is engaged in manufacturing Registered to do business in Pennsylvania and subject to Corporate Net Income Tax An Employer directly responsible for the collection, withholding and remittance of Individual Taxes to the Department of Revenue on behalf of the workforce. Able to obtain and maintain state tax compliance clearance status with the laws and regulations of the Commonwealth of Pennsylvania, to the satisfaction of the Department of Revenue. Able to demonstrate a new private capital investment in excess of $60 million for the creation of new or refurbished manufacturing capacity within three years of a designated start date and associated with a new location or expansion project at a commonwealth site (the “project site”). Able to provide current and projected employment figures in Pennsylvania and at the project site.<br /><br />Eligible projects will include the creation of new manufacturing capacity or improvements to existing manufacturing capacity at an identified project site limited to the mechanical, physical, biological, or chemical transformation of materials, substances, or components into new products that are the creations of new items of tangible personal property for sale.<br />A business may utilize the amount of the deduction in each year of the succeeding five (5) tax years immediately following the issuance of the Department’s award letter. A business cannot use the deduction to reduce its tax liability by more than fifty percent of their Corporate Net Income tax liability. The deduction is non-transferrable. Any unused portion in a tax year shall expire at the end of the corresponding tax year. The approved deduction is applicable against taxable income. To claim the deduction, a taxpayer must use the other deduction line on the RCT-101.<br />To claim a tax deduction, a taxpayer must complete the REV-860A QMIRD Worksheet contained in the PA Corporate Net Income Tax REV-1200 CT-1 Instructions.

Application Opens: January 1, 2024

Application Deadline: December 31, 2035