Pennsylvania grant & resource directory - pa house

PENNSYLVANIA DEPARTMENTS
DEPARTMENT OF REVENUE
www.revenue.state.pa.us
GRANT/LOAN
DEADLINE / REGULATIONS
Property Tax/Rent Rebate Program – The Property Tax/Rent Rebate program benefits eligible
Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with disabilities age
18 and older. The Property Tax/Rent Rebate program was dramatically expanded in 2006 to increase rebate
amounts and give rebates to more older and disabled Pennsylvanians. The expansion increased the income limit
from $15,000 to $35,000 for homeowners and boosted the maximum standard rebate for both homeowners
and renters from $500 to $650. Since the program’s expansion, the number of eligible applicants has more than
doubled, and about 600,000 residents are expected to benefit from rebates this year.
Applicants can exclude one-half of their Social Security income, so people who make substantially more than
$35,000 may still qualify for a rebate.
Homeowners can receive:
Renters can receive:
Income
Maximum Standard Rebate
$0 to $8,000 $650
$8,001 to $15,000 $500
$15,001 to $18,000 $300
$18,001 to $35,000 $250
Income
Maximum Standard Rebate
$0 to $8,000 $650
$8,001 to $15,000 $500
Now that slots gaming has generated enough revenue to provide general property tax relief for all Pennsylvania
homeowners, additional benefits are available through the Property Tax/Rent Rebate program to senior
homeowners who need it the most – those with high property tax burdens and those living in cities of high tax
burden. In fact, an estimated 120,000 senior homeowners will have school district property taxes completely
eliminated as supplemental property tax rebates through the Property Tax/Rent Rebate program combine with
general property tax relief.
These supplemental rebates, equal to 50 percent of each qualifying taxpayer’s standard rebate, are automatically
calculated and awarded to homeowners in Pittsburgh, Scranton and Philadelphia with eligibility incomes of
$30,000 or less, as well as homeowners in the rest of the state who meet the same income-eligibility requirement
and pay more than 15 percent of their household incomes on property tax bills.
Property Tax/Rent Rebate information and applications are available by calling 1 (888) 222-9190 or visiting
www.papropertytaxrelief.com.
Research and Development Tax Credit – Allows a taxpayer
who incurs Pennsylvania qualified research and development
expense in a taxable year to apply for a research and
development tax credit. Businesses qualifying for the federal
Research and Development tax credit and making research
and development investments in Pennsylvania are eligible. A
tax credit (of 10 percent for large businesses and 20 percent
for small businesses) is granted based on the company’s
increased research and development expenses over a base
period. The credit is prorated to not exceed $20 million annual
cap in 2009-2010 and $18 million annual cap in 2010-2011 for
all businesses. Up to 20 percent of total pool is set aside for
small businesses. The credit is applicable to CNI, CSFT and
PIT tax liability. Unused credits may be carried over for up to
15 succeeding taxable years.
Contact – Pennsylvania Department of
Revenue at: (717) 787-1064.
Also allows companies holding qualifying
Research and Development Tax Credits to
apply for approval to sell those tax credits
and assign them to buyer(s).
Contact – Department of Community and
Economic Development, Colton Webber at:
(717) 720-1393
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PA Grant & Resource Directory