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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 In2018
Program nameKeystone Innovation Zone Program
Program purpose: Entrepreneurship/innovation
Statutory authority: Article XIX‚ÄêF of the Tax Reform Code of 1971
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesCorporate Net Income Tax; Personal Income Tax
Method of abatement: Tax Credit
Provisions for recapture: If there is no payroll within the KIZ, the Tax Credit may be reduced. If there is no property or payroll within the KIZ, the business is ineligible. Businesses must report semi‚Äêannually through the KIZ Force reporting tool.
Gross revenue loss: $16,000,000
Reimbursement / offset: $0
Net revenue loss: $16,000,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...