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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY STACK, FONTANA, WASHINGTON, SOLOBAY, SCHWANK AND FERLO, JUNE 17, 2011 |
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| REFERRED TO FINANCE, JUNE 17, 2011 |
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| AN ACT |
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1 | Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An |
2 | act relating to tax reform and State taxation by codifying |
3 | and enumerating certain subjects of taxation and imposing |
4 | taxes thereon; providing procedures for the payment, |
5 | collection, administration and enforcement thereof; providing |
6 | for tax credits in certain cases; conferring powers and |
7 | imposing duties upon the Department of Revenue, certain |
8 | employers, fiduciaries, individuals, persons, corporations |
9 | and other entities; prescribing crimes, offenses and |
10 | penalties," further providing for strategic development |
11 | areas, for strategic development area job tax credit, for |
12 | strategic development area job creation tax credit and for |
13 | expiration. |
14 | The General Assembly of the Commonwealth of Pennsylvania |
15 | hereby enacts as follows: |
16 | Section 1. Sections 2911-C, 2938-C(e), 2939-C(e) and 2979-C |
17 | of the act of March 4, 1971 (P.L.6, No.2), known as the Tax |
18 | Reform Code of 1971, added November 20, 2006 (P.L.1385, No.151), |
19 | are amended to read: |
20 | Section 2911-C. Strategic development areas. |
21 | (a) Establishment.--There is hereby established within the |
22 | department a program providing for strategic development areas. |
23 | (b) Strategic development area designation.-- |
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1 | (1) The Governor may, on or before September 30, 2007, |
2 | by Executive Order, designate not more than four strategic |
3 | development areas in this Commonwealth, each of which shall |
4 | not be less than ten acres of land and not more than 1,500 |
5 | acres, and the strategic development areas in the aggregate |
6 | shall not exceed 5,000 acres. |
7 | (1.1) The Governor may, on or before September 30, 2012, |
8 | by Executive order, designate not more than four strategic |
9 | development areas in this Commonwealth, each of which shall |
10 | not be less than ten acres of land and not more than 1,500 |
11 | acres, and the strategic development areas in the aggregate |
12 | shall not exceed 5,000 acres. |
13 | (2) No portion of a designated strategic development |
14 | area shall be used as a licensed facility as defined in 4 |
15 | Pa.C.S. § 1103 (relating to definitions) or any other similar |
16 | type of facility authorized under the laws of this |
17 | Commonwealth. |
18 | (c) Term of designation.--Persons and businesses within a |
19 | designated and approved strategic development area that are |
20 | qualified under this article shall be entitled to all tax |
21 | exemptions, deductions, abatements or credits set forth in this |
22 | article for a 15-year period beginning on the date of approval |
23 | by all political subdivisions as required in section 2913-C or |
24 | January 1, 2007, whichever occurs last. |
25 | (d) Approval by political subdivisions.--The designation of |
26 | a strategic development area and entitlement to the benefits |
27 | provided in this article shall not be effective unless a |
28 | strategic development area is approved by all political |
29 | subdivisions in which it is located, in whole or in part, in |
30 | accordance with section 2913-C, on or before December 31, 2007, |
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1 | or for strategic development areas designated under subsection |
2 | (b)(1.1), one year after the effective date of subsection (b) |
3 | (1.1), whichever occurs last. |
4 | Section 2938-C. Strategic development area job tax credit. |
5 | * * * |
6 | (e) Credit determinations.--The strategic development area |
7 | job tax credit shall be determined by multiplying the monthly |
8 | average of all full-time jobs by the allowance. The allowance |
9 | for purposes of the strategic development area job tax credit |
10 | for taxable years beginning within the dates set forth shall be |
11 | as follows: |
12 13 | January 1, 2001, to December 31, 2001 | $500 per job | 14 15 | January 1, 2002, to December 31, 2002 | $750 per job | 16 17 | January 1, 2003, to December 31, 2003 | $1,000 per job | 18 19 | January 1, 2004, to December 31, 2004 | $1,250 per job | 20 21 | January 1, 2005, to December 31, 2005 | $1,250 per job | 22 23 | January 1, 2006, to December 31, 2006 | $1,250 per job | 24 25 | January 1, 2007, to December 31, 2007 | $1,250 per job | 26 27 | January 1, 2008, to December 31, 2008 | $1,250 per job | 28 29 | January 1, 2009, to December 31, 2009 | $1,250 per job | 30 | January 1, 2010, to | | | 1 | December 31, 2010 | $1,250 per job | 2 3 | January 1, 2011, to December 31, 2011 | $1,250 per job | 4 5 | January 1, 2012, to December 31, 2012 | $1,250 per job | 6 7 | January 1, 2013, to December 31, 2013 | $1,250 per job | 8 9 | January 1, 2014, to December 31, 2014 | $1,250 per job | 10 11 | January 1, 2015, to December 31, 2015 | $1,250 per job | 12 13 | January 1, 2016, to December 31, 2016 | $1,250 per job | 14 15 | January 1, 2017, to December 31, 2017 | $1,250 per job | 16 17 | January 1, 2018, to December 31, 2018 | $1,250 per job | 18 19 | January 1, 2019, to December 31, 2019 | $1,250 per job | 20 21 | January 1, 2020, to December 31, 2020 | $1,250 per job | 22 23 | January 1, 2021, to December 31, 2021 | $1,250 per job | 24 25 | January 1, 2022, to December 31, 2022 | $1,250 per job | 26 27 | Taxable years beginning after December 31, 2022 | $1,250 per job |
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28 | * * * |
29 | Section 2939-C. Strategic development area job creation tax |
30 | credit. |
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1 | * * * |
2 | (e) Credit determinations.--The strategic development area |
3 | job creation tax credit shall be determined by multiplying the |
4 | monthly average of all full-time jobs by the allowance. The |
5 | allowance for purposes of the strategic development area job |
6 | creation tax credit for taxable years beginning within the dates |
7 | set forth shall be as follows: |
8 9 | January 1, 2001, to December 31, 2001 | $500 per job | 10 11 | January 1, 2002, to December 31, 2002 | $750 per job | 12 13 | January 1, 2003, to December 31, 2003 | $1,000 per job | 14 15 | January 1, 2004, to December 31, 2004 | $1,250 per job | 16 17 | January 1, 2005, to December 31, 2005 | $1,250 per job | 18 19 | January 1, 2006, to December 31, 2006 | $1,250 per job | 20 21 | January 1, 2007, to December 31, 2007 | $1,250 per job | 22 23 | January 1, 2008, to December 31, 2008 | $1,250 per job | 24 25 | January 1, 2009, to December 31, 2009 | $1,250 per job | 26 27 | January 1, 2010, to December 31, 2010 | $1,250 per job | 28 29 | January 1, 2011, to December 31, 2011 | $1,250 per job | 30 | January 1, 2012, to | | | 1 | December 31, 2012 | $1,250 per job | 2 3 | January 1, 2013, to December 31, 2013 | $1,250 per job | 4 5 | January 1, 2014, to December 31, 2014 | $1,250 per job | 6 7 | January 1, 2015, to December 31, 2015 | $1,250 per job | 8 9 | January 1, 2016, to December 31, 2016 | $1,250 per job | 10 11 | January 1, 2017, to December 31, 2017 | $1,250 per job | 12 13 | January 1, 2018, to December 31, 2018 | $1,250 per job | 14 15 | January 1, 2019, to December 31, 2019 | $1,250 per job | 16 17 | January 1, 2020, to December 31, 2020 | $1,250 per job | 18 19 | January 1, 2021, to December 31, 2021 | $1,250 per job | 20 21 | January 1, 2022, to December 31, 2022 | $1,250 per job | 22 23 | Taxable years beginning after December 31, 2022 | $1,250 per job |
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24 | * * * |
25 | Section 2979-C. Expiration. |
26 | This article and all benefits associated with this article |
27 | shall terminate December 31, [2022] 2027. |
28 | Section 2. This act shall take effect immediately. |
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