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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY STURLA, BOYD, BELFANTI, BEYER, BRENNAN, BRIGGS, CALTAGIRONE, CLYMER, FRANKEL, JOSEPHS, KILLION, KIRKLAND, KULA, MANN, McILVAINE SMITH, MURPHY, MURT, MUSTIO, READSHAW, REICHLEY, SIPTROTH, K. SMITH, STABACK, SWANGER, THOMAS, WALKO AND WANSACZ, JUNE 17, 2009 |
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| REFERRED TO COMMITTEE ON EDUCATION, JUNE 17, 2009 |
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| AN ACT |
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1 | Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An |
2 | act relating to the public school system, including certain |
3 | provisions applicable as well to private and parochial |
4 | schools; amending, revising, consolidating and changing the |
5 | laws relating thereto," further providing for the educational |
6 | improvement tax credit. |
7 | The General Assembly of the Commonwealth of Pennsylvania |
8 | hereby enacts as follows: |
9 | Section 1. Section 2005-B(g) of the act of March 10, 1949 |
10 | (P.L.30, No.14), known as the Public School Code of 1949, |
11 | amended July 9, 2008 (P.L.846, No.61), is amended to read: |
12 | Section 2005-B. Tax credit. |
13 | * * * |
14 | (g) Time of application for credits.-- |
15 | (1) Except as provided in [paragraphs (2) and (3)] |
16 | paragraph (2), the department may accept applications for tax |
17 | credits available during a fiscal year no earlier than July 1 |
18 | of each fiscal year. |
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1 | (2) The application of any business firm for tax credits |
2 | available during a fiscal year as part of the second year of |
3 | a two-year commitment may be accepted no earlier than May 15 |
4 | preceding the fiscal year. |
5 | [(3) The application under subsection (a) of any pass- |
6 | through entity for approval of single-year tax credits |
7 | available during a fiscal year against the taxes imposed |
8 | under Article III of the Tax Reform Code or under subsection |
9 | (b) for approval of credits against such taxes for the first |
10 | year of a two-year commitment may be accepted by the |
11 | department no earlier than the first business day following |
12 | July 7 of the fiscal year.] |
13 | Section 2. This act shall take effect immediately. |
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