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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StatePennsylvania
Reporting JurisdictionPennsylvania
Jurisdiction type: State
Fiscal year ending In2020
Program nameCoal Refuse Energy and Reclamation Tax Credit Program
Program purpose: Power generation
Statutory authority: Article XVII-J of the Tax Reform Code of 1971
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesCorporate Income Tax; Personal Income Tax; Bank and Trust Company Shares Tax; Insurance Premium Tax; Title Insurance Company Shares Tax; Gross Receipts Tax; Mutual Thrift Institutions Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $17,100,000
Reimbursement / offset: $0
Net revenue loss: $17,100,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...