Overview
The Innovate in PA program was established by Act 52 of 2013. The program authorized the Pennsylvania Department of Community and Economic Development to sell $100 million of state insurance premium tax credits to insurance companies for the purpose of establishing the Innovate in PA Fund used to distribute proceeds to innovation and economic growth technology-based projects. Innovate in PA tax credits are effective against insurance premiums tax liabilities.
Tax questions may be directed to the Department of Revenue at 717-772-3896 or ra-rvtaxcredits@pa.gov.