Pennsylvania has amended the rural jobs and investment tax credit. Effective July 23, 2020, the law amends the definition of “qualified tax liability” to include any other retaliatory tax imposed on a business firm in this Commonwealth. The law also provides that at least 60% of a growth fund’s investment authority must be comprised of credit-eligible capital contributions. And, the amount of investment authority to be approved is reduced from $100,000 to $50,000.



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