under this article. By September 15 of each year, a taxpayer
must submit an application to the department for a qualified
toll expense incurred in the taxable year that ended in the
prior calendar year.
(b) Receipt.--A taxpayer that is qualified under subsection
(a) shall receive a tax credit for the taxable year in the
amount of 50%, not to exceed $500, of the taxpayer's total
qualified toll expense for the taxable year.
(c) Notification.--By December 15 of the calendar year
following the close of the taxable year during which the
qualified toll expense was incurred, the department shall notify
the taxpayer of the amount of the taxpayer's tax credit approved
by the department.
Section 1704-M. Limitation on credits.
(a) Total amount.--The total amount of tax credits approved
by the department may not be limited in any fiscal year.
(b) Allocation.--Tax credits to each taxpayer under this
article may not exceed $500 annually.
Section 1705-M. Shareholder, owner or member pass-through.
(a) Application to Pennsylvania S corporations.--If a
Pennsylvania S corporation does not have an eligible tax
liability against which the tax credit may be applied, a
shareholder of the Pennsylvania S corporation shall be entitled
to a tax credit equal to the tax credit determined for the
Pennsylvania S corporation for the taxable year multiplied by
the percentage of the Pennsylvania S corporation's distributive
income to which the shareholder is entitled.
(b) Other applications.--If a pass-through entity other than
a Pennsylvania S corporation does not have an eligible tax
liability against which the tax credit may be applied, an owner
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