first_imgPennsylvania has expanded the availability of two corporate income tax credits.Keystone Special Development ZoneEntertainment Business Financial Management Firms operating in a Keystone Special Development Zone are now eligible for available tax credits. The business must be engaged in:– the provision of entertainment services; or– activities in a facility hosting concerts or other performances.The change applies to tax years beginning after December 31, 2017.Entertainment Economic Enhancement Program Tax CreditThe Entertainment Economic Enhancement Program tax credit is amended to allow the Department of Community and Economic Development to award additional tax credits. The department can award credits to 10 tours in 2018-2019. The department can also advance the award of tax credits to two additional tours in 2018-2019.Act No. 42 ( H.B. 1929), Laws 2018, effective June 22, 2018Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.Not a subscriber? Sign up for a free trial or contact us for a representative.last_img