Pennsylvania § 5721 Waivers and penalties

Pennsylvania Statutes

§ 5721 — Waivers and penalties

Pennsylvania § 5721

JurisdictionPennsylvania

Title 35HEALTH AND SAFETY

PartPART III

Ch. 57COVID-19 DISASTER EMERGENCY

Subch.EDUCATIONAL TAX CREDIT

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Bluebook

35 Pa. Cons. Stat. § 5721 (2026).

Text

(a)Applicability.--This section applies only to the tax years affected by the COVID-19 disaster emergency.

(b)Requirements.--Notwithstanding any other provision of law, the following shall apply:

(1)The requirement under section 2004-B(d) of the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, requiring business firms to make a contribution to a scholarship organization, pre-kindergarten scholarship organization, opportunity scholarship organization or educational improvement organization no later than 60 days following the approval of an application under subsection (a) or (b) of section 2004-B of the Public School Code of 1949 is extended until the end of the business firm's applicable tax year.

(2)A business firm shall provide proof of its contribut

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(a) Applicability.--This section applies only to the tax years affected by the COVID-19 disaster emergency.

(b) Requirements.--Notwithstanding any other provision of law, the following shall apply:

(1) The requirement under section 2004-B(d) of the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, requiring business firms to make a contribution to a scholarship organization, pre-kindergarten scholarship organization, opportunity scholarship organization or educational improvement organization no later than 60 days following the approval of an application under subsection (a) or (b) of section 2004-B of the Public School Code of 1949 is extended until the end of the business firm's applicable tax year.

(2) A business firm shall provide proof of its contribution in the form of a written acknowledgment from the scholarship organization, pre-kindergarten scholarship organization, opportunity scholarship organization or educational improvement organization to the Department of Community and Economic Development within 30 days of the contribution made under paragraph (1).

(3) Business firms fulfilling year two of a two-year commitment that are impacted by the COVID-19 disaster emergency shall be permitted to receive a tax credit of up to 90% of the amount contributed in year two. As part of the COVID-19 disaster emergency, the department is prohibited from reducing the credit authorized in year one of the two-year agreement if the year two contribution is less than the year one contribution for business firms in a two-year commitment.