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§ 8807-C. Qualified businesses

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 XVIII-C. City Revitalization and Improvement Zones (Refs & Annos)
Effective: July 13, 2016
72 P.S. § 8807-C
§ 8807-C. Qualified businesses
Currentness
(a) List.--By June 1 following the end of the baseline year, and for every year thereafter, each contracting authority shall file with the department a complete list of all businesses located in the zone and all businesses engaged in acquisition, development, construction, including infrastructure and site preparation, reconstruction or renovation of a facility in the zone in the prior calendar year. The list shall include for each business the address, the names of the business owners or corporate officers, State tax identification number and parcel number and a map of the zone with parcel numbers.
(b) Time.--If the list under subsection (a) is not timely provided to the department, no eligible State tax shall be certified by the department for the prior calendar year.
(c) Audit.--The contracting authority shall hire an independent auditing firm to perform an annual audit verifying all of the following and shall submit the audit to the Department of Community and Economic Development and the Department of Revenue as well as post on the contracting authority's publicly accessible Internet website:
(1) The correct amount of the eligible local tax was submitted to the local taxing authorities.
(2) The local taxing authorities transferred the correct amount of eligible local tax to the State Treasurer.
(3) The moneys transferred to the fund were expended in accordance with this article.
(4) The correct amount was requested under section 1812-C(c).1

Credits

1971, March 4, P.L. 6, No. 2, art. XVIII-C, § 1807-C, added 2013, July 9, P.L. 270, No. 52, § 31, imd. effective. Amended 2016, July 13, P.L. 526, No. 84, § 37, imd. effective.

Footnotes

1
72 P.S. § 8812-C.
72 P.S. § 8807-C, PA ST 72 P.S. § 8807-C
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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