Pennsylvania Neighborhood Assistance Partnership Program Credit Increased

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

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All stories by: CCHTaxGroup