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§ 8771-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 E. Semiconductor Manufacturing and Biomedical Manufacturing and Research
Effective: January 3, 2023
72 P.S. § 8771-L
§ 8771-L. Definitions
Currentness
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:
“Biomedical manufacturing.” The manufacture of products or the creation of processes that advance the understanding, treatment and prevention of disease.
“Biomedical research.” Scientific research encompassing the application of the biological sciences, especially biochemistry, molecular biology and genetics, for the understanding, treatment and prevention of disease.
“Project facility.” A facility located in this Commonwealth which is owned and operated by the qualified taxpayer and where semiconductor manufacturing, biomedical manufacturing or biomedical research is conducted by the qualified taxpayer at the project facility.
“Qualified taxpayer.” A company that satisfies all of the following:
(1) Conducts semiconductor manufacturing, biomedical manufacturing or biomedical research in this Commonwealth 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 $200,000,000 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 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.
“Semiconductor manufacturing.” The manufacture of components or the creation of advanced processes or technology within the semiconductor manufacturing and related equipment and material supplier sector.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-L, § 1771-L, added 2022, Nov. 3, P.L. 1695, No. 108, § 16, effective in 60 days [Jan. 3, 2023].

Footnotes

1
72 P.S. § 8791-L et seq.
2
73 P.S. § 1881 et seq.
72 P.S. § 8771-L, PA ST 72 P.S. § 8771-L
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document