Pennsylvania has increased the total amount of corporate income tax credits available under the Neighborhood Assistance Partnership Program. The credit is available to business firms for contributions to a neighborhood organization providing:
– neighborhood assistance;
– comprehensive service projects;
– job training or education for individuals;
– community services;
– or crime prevention.
What is the Updated Cumulative Credit Amount?
The total amount of credits available to all participants each year is no $36 million, previously $18 million.
Act No. 100 (H.B. 645), Laws 2018, effective July 1, 2019