§ 8703-A.1. Application and administration
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 30, 2021
Effective: July 30, 2021
72 P.S. § 8703-A.1
§ 8703-A.1. Application and administration
(a) Insufficient application.--If an administering agency finds that an application is insufficient for the administering agency to determine whether the applicant is eligible to receive a tax credit or tax benefit, the department, in consultation with the administering agency, may do all of the following for applicants other than individuals who own less than 20% of the applicant:
(3) For an applicant that is not an individual, require the applicant or broker to agree to submit to scheduled or unscheduled site inspections by the department, the administering agency or representatives or agents of the department or administering agency. If the site is located in an area where unscheduled site visits are not feasible, the department or administering agency shall provide sufficient notice prior to the visit. The department shall establish a policy to ensure the confidentiality of information collected or observed during a site inspection. The policy shall include a prohibition on the taking of photos, video and audio recordings which are not related to the subjects regulated by the department.
(c) Reports.--After approval and until a tax credit or tax benefit is fully used, an applicant that is approved for a tax credit or tax benefit shall file an annual report with the department or administering agency detailing all of the following, to the extent that the following is applicable to the tax credit or tax benefit:
(d) Submission of data.--The department or administering agency shall provide the information submitted under subsection (c)(2) to the Independent Fiscal Office for use in preparing a tax credit report under section 5 of the act of October 30, 2017 (P.L. 797, No. 48),1 known as the Performance-Based Budgeting and Tax Credit Efficiency Act.
Credits
1971, March 4, P.L. 6, No. 2, art. XVII-A.1, § 1703-A.1, added 2021, June 30, P.L. 124, No. 25, § 13, effective in 30 days [July 30, 2021].
Footnotes
71 P.S. § 891.5.
72 P.S. § 8703-A.1, PA ST 72 P.S. § 8703-A.1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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