Summary
Income tax credit equal to cash contributions to state and local Economic Development Organizations (EDOs) for qualifying economic growth projects. Capped at 50% of income tax liability. EXPIRED July 31, 2023.
Benefit
- Percentage
- 100% of contribution_to_edo
- Flat
- —
- Duration
- —
- Max annual
- — (taxpayer)
- Max total
- — (taxpayer)
- Carryforward
- 5 years
Program metadata
- Distribution
- taxpayer_earned
- Claimant subject
- business
- Refund/transfer election
- none
- Program family
- —
- Effective
- —
- Sunset
- 2023-07-31
- Application deadline
- —
- Transfer discount
- —
Hard requirements (0)
None.
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (0)
Statewide / none specified.
Tags (2)
- pass_through_eligible: true
- stackable_with: general EDO contributions
Tax bases
- corporate_income_taxprimary
Source
Act 2021-2 (codification pending)
Last verified: 2026-04-12
Not transferable but passable to owners of pass-through entities. EDOs could also use contributions for STEM workforce marketing, technology accelerators, or agricultural centers.