§ 8711-L. Definitions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: January 3, 2023
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-L. Pennsylvania Economic Development for a Growing Economy (PA Edge) Tax Credits (Refs & Annos)
Subarticle B. Local Resource Manufacturing (Refs & Annos)
Effective: January 3, 2023
72 P.S. § 8711-L
Formerly cited as PA ST 72 P.S. § 8702-L
§ 8711-L. Definitions
The following words and phrases when used in this subarticle shall have the meanings given to them in this section unless the context clearly indicates otherwise:
“Dry natural gas.” Natural gas in which there are no appreciable natural gas liquids recoverable by separation at the wellhead.
“Fertilizer.” A chemical product derived from petrochemicals which is added to soil or land to increase fertility.
“Natural gas liquids.” As defined in 58 Pa.C.S. § 3203 (relating to definitions).
“Petrochemical.” Chemical products obtained from refining and processing natural gas. The term does not include liquefaction or other processing of natural gas for the purpose of transport.
“Project facility.” A facility located in this Commonwealth which manufactures petrochemicals or fertilizers using dry natural gas and which required a capital investment of at least $400,000,000 to construct and place into service.
“Qualified taxpayer.” A company that satisfies all of the following:
(1) Purchases and uses dry natural gas produced in this Commonwealth in the manufacture of petrochemicals or fertilizers at a project facility in this Commonwealth that has been placed in service on or after the effective date of this section.
(2) Has made a capital investment of at least $400,000,000 in order to construct the project facility and place the project facility into service in this Commonwealth.
(3) Has created a minimum aggregate total of 800 new jobs and permanent jobs.
(4) Has made good faith efforts to recruit and employ, and to encourage any contractors or subcontractors to recruit and employ, workers from the local labor market for employment during the construction of the project facility.
(5) Has demonstrated that the new jobs created at the project facility or for work covered by Subarticle F1 are paid at least the prevailing minimum wage and benefit rates for each craft or classification as determined by the Department of Labor and Industry.
(6) The construction work to place a project facility into service shall be performed subject to the act of March 3, 1978 (P.L. 6, No. 3),2 known as the Steel Products Procurement Act.
Credits
1971, March 4, P.L. 6, No. 2, art. XVII-L, § 1702-L, added 2020, July 23, P.L. 654, No. 66, § 1.1, effective in 60 days [Sept. 21, 2020]. Renumbered as § 1711-L and amended by 2022, Nov. 3, P.L. 1695, No. 108, § 6, effective in 60 days [Jan. 3, 2023].
72 P.S. § 8711-L, PA ST 72 P.S. § 8711-L
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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