An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for deer processor's tax credit.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a tax credit for deer processors in Pennsylvania. It allows eligible processors to receive a credit of $100 per deer donated to an accepting registered public charity. The credit is subject to certain limitations and requirements, including record-keeping of ear tags and application deadlines. Unused credits can be carried over to subsequent years, but with a 15-year limit.
Key provisions
- Provides a $100 tax credit per deer processed and donated to a qualified charity.
- Requires processors to maintain records of Pennsylvania Game Commission ear tags.
- Establishes application deadlines for tax credit claims.
- Defines key terms such as ‘qualified processing expense’ and ‘accepting registered public charity.’
- Allows for carryover of unused tax credits to subsequent years, subject to a 15-year limit.
- Addresses how the credit applies to shareholder, owner, or member of a pass-through entity.
- Sets a total annual limit on approved tax credits ($200,000).
- Specifies that credits are allocated on a first-come, first-served basis.
Who is affected
- Deer processors
- Charitable organizations accepting venison donations
- Pennsylvania taxpayers
- Individuals donating deer meat
- Pennsylvania residents
Notable changes
Bill text
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Document of record
- Version
- Pn 2862 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
David Zimmerman
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