PRINTER'S NO. 765
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
681
Session of
2021
INTRODUCED BY YUDICHAK, J. WARD, GORDNER, SCAVELLO, PITTMAN,
AUMENT AND LAUGHLIN, MAY 17, 2021
REFERRED TO FINANCE, MAY 17, 2021
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in tax credit eligibility, providing for
temporary carry-forward allowance.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding a section to
read:
Section 1703-A.1. Temporary carry-forward allowance.
Tax credits purchased in 2020 and 2021 may be carried forward
for one additional tax year from the date of purchase. Tax
credit sales initiated or purchased after December 31, 2021,
shall not be eligible for carry forward under this section.
Section 2. This act shall take effect immediately.
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