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.
| State: | Pennsylvania |
| Effected Jurisdiction: | Pennsylvania |
Jurisdiction type: | State |
| Fiscal year ending In: | 2018 |
| Program name: | Keystone Innovation Zone (KIZ) |
| Program purpose: | Entrepreneurship/innovation |
| Statutory authority: | Article XIX‚ÄêF of the Tax Reform Code of 1971 |
| Abating jurisdiction(s): | State of Pennsylvania |
| Applicable taxes: | Corporate 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 source: | https://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe... |
