(a) State zone report.--No later than June 15 following the baseline year and each year thereafter, or by August 31 for reports due in 2020, each qualified business shall file a report with the department in a form or manner required by the department which includes all of the following:
(1) Amount of each eligible tax which was paid to the Commonwealth by the qualified business in the prior calendar year.
(2) Amount of each eligible tax refund received from the Commonwealth in the prior calendar year by the qualified business.
(b) Local zone report.--No later than June 15 following the baseline year and for each year thereafter, or by August 31 for reports due in 2020, each qualified business shall file a report with the local taxing authority which includes all of the following:
(1) Amount of each eligible tax which was paid to the local taxing authority by the qualified business in the prior calendar year.
(2) Amount of each eligible tax refund received from the local taxing authority in the prior calendar year by the qualified business.
(1) Failure to file a timely and complete report under subsection (a) or (b) may result in the imposition of a penalty of the lesser of:
(i) ten percent of all eligible tax due the taxing authority in the prior calendar year; or
(ii) one thousand dollars.
<Section 24(4)(xi) of Act 2022, July 8, P.L. 513, No. 53, provides that the amendment of subsec. (c)(2) of this section by that Act shall apply to fiscal years beginning after June 30, 2022.>
(2) The department shall notify the contracting authority of all qualified businesses that violated subsection (a) prior to December 31 of the year in which the report was to be filed. A penalty for a violation of subsection (a) shall be imposed, assessed and collected by the department under procedures set forth in Article II.
Money collected under this paragraph shall be deposited in the General Fund.
(3) A penalty for a violation of subsection (b) shall be imposed, assessed and collected by the city or municipality under procedures for imposing penalties under local tax collection laws.
(4) If a local taxing authority imposes the penalty, the money shall be transferred to the State Treasurer for deposit in the zone fund.
(5) No penalty shall be imposed by the department or the local taxing authority for failure to file a timely and complete report under subsection (a) or (b) in 2019 or 2020.
Credits
1971, March 4, P.L. 6, No. 2, art. XVIII-C, § 1809-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; 2020, July 23, P.L. 665, No. 68, § 1, imd. effective; 2020, Nov. 3, P.L. 1074, No. 107, § 1, imd. effective; 2022, July 8, P.L. 513, No. 53, § 12, imd. effective.
72 P.S. § 8809-C, PA ST 72 P.S. § 8809-C
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
