Tax Credit and Tax Benefit Accountability Report

In compliance with Article XVII-A.1 of the Tax Reform Code of 1971, as amended under Act 25 of 2021, the Department of Revenue has implemented requirements for the collection and reporting of information to the Independent Fiscal Office (IFO) for tax credit and tax benefit programs.

The department, acting on behalf of each administering agency: Department of Community and Economic Development, State Conservation Commission and Pennsylvania Housing Finance Agency, shall provide the information submitted under subsection (c)(2) to the IFO for use in preparing a Tax Credit Report under Section 5 of the Act of October 30, 2017 (p.l.797, no.48), known as the Performance-Based Budgeting and Tax Credit Efficiency Act.

All participants in “tax credit” and “tax benefit” programs are required to file the Tax Credit and Tax Benefit Accountability Report within 45 days of filing an annual tax return, beginning the first year the tax credit or tax benefit is awarded and ending after the credit or benefit has been fully utilized.

Additional information is available in the program guidelines. If you have questions pertaining to the submission of the report, please contact the department’s Office of Economic Development at ra-rveconomic-dev@pa.gov.