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§ 8720-D. Report to General Assembly

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 13, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article XVII-D. Entertainment Production Tax Credit (Refs & Annos)
Subarticle B. Film Production (Refs & Annos)
Effective: July 13, 2016
72 P.S. § 8720-D
Formerly cited as PA ST 72 P.S. § 8711-D
§ 8720-D. Report to General Assembly
Currentness
(a) General rule.--No later than June 1, 2008, and September 1 of each year thereafter, the Secretary of Community and Economic Development shall submit a report to the General Assembly summarizing the effectiveness of the tax credit provided by this subarticle. The report shall include the name of the film produced, the names of all taxpayers utilizing the credit as of the date of the report and the amount of credits approved for, utilized by or sold or assigned by each taxpayer. The report may also include any recommendations for changes in the calculation or administration of the tax credit. The report shall be submitted to the chairman and minority chairman of the Appropriations and Finance Committees of the Senate and the chairman and minority chairman of the Appropriations and Finance Committees of the House of Representatives. In addition to the information set forth above, the report shall include the following information, which shall be separated by geographic location within this Commonwealth:
(1) The amount of credits claimed during the fiscal year by film.
(2) The total amount spent in this Commonwealth during the fiscal year by film.
(3) The total amount of tax revenues generated by this Commonwealth during the fiscal year by film.
(4) The total number of jobs created during the fiscal year by film, including the duration of the jobs.
(b) Public information.--Notwithstanding any law providing for the confidentiality of tax records, the information in the report shall be public information, and all report information shall be posted on the department's Internet website.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-D, § 1711-D, added 2007, July 25, P.L. 373, No. 55, § 7, imd. effective. Renumbered as § 1720-D and amended 2016, July 13, P.L. 526, No. 84, § 29, imd. effective.
72 P.S. § 8720-D, PA ST 72 P.S. § 8720-D
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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