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§ 8710-G. Reports to General Assembly

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 2, 2012

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-G. Resource Manufacturing Tax Credit (Refs & Annos)
Effective: July 2, 2012
72 P.S. § 8710-G
§ 8710-G. Reports to General Assembly
Currentness
(a) Annual report.--By October 1, 2018, and October 1 of each year thereafter, the department shall submit a report on the tax credit provided by this article to the chairman and minority chairman of the Appropriations Committee of the Senate, the chairman and minority chairman of the Finance Committee of the Senate, the chairman and minority chairman of the Appropriations Committee of the House of Representatives and the chairman and minority chairman of the Finance Committee of the House of Representatives. The report must include the names of the qualified taxpayers utilizing the tax credit as of the date of the report and the amount of tax credits approved for, utilized by or sold or assigned by a qualified taxpayer.
(b) Reconciliation report.--On May 1, 2028, the Department of Community and Economic Development shall submit to the Secretary of the Senate and the Chief Clerk of the House of Representatives a reconciliation report on the effectiveness of this article. This report shall include, at a minimum, the following information for the preceding ten years:
(1) The name and business address of all qualified taxpayers who have been granted tax credits under this article.
(2) The amount of tax credits granted to each qualified taxpayer.
(3) The total number of jobs created by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company. This paragraph includes the average annual salary and hourly wage information.
(4) The amount of taxes paid under Article II1 by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(5) The amount of taxes withheld from employees or paid by members, partners or shareholders of the pass-through entities under Article III2 of the qualified taxpayer, upstream company and downstream company, and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(6) The amount of taxes paid under Article IV3 by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(7) The amount of taxes paid under Article VI4 by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(8) The amount of taxes paid under Article XI5 by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(9) The amount of any other State or local taxes paid by the qualified taxpayer, upstream company and downstream company and any companies that provide goods, utilities or other services that support the business operations of the qualified taxpayer and upstream company and downstream company.
(10) Any other information pertaining to the economic impact of this article in this Commonwealth.
(c) Reduction.--If the reconciliation report issued under subsection (b) reveals that the total amount of the tax credits granted under this article exceeds the total amount of tax revenue reported under subsection (b)(4) through (9), the report must include any recommendation for changes in the calculation of the credit.
(d) Publication.--The reports required by this section shall be public records and shall be available electronically on the Internet website of either the department or the Department of Community and Economic Development. The reports required by this section shall not contain “confidential proprietary information” as defined in section 102 of the act of February 14, 2008 (P.L. 6, No. 3),6 known as the Right-to-Know Law.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-G, § 1710-G, added 2012, July 2, P.L. 751, No. 85, § 19, imd. effective.
<See 72 P.S. § 8711-G for expiration of Article XVII-G.>

Footnotes

1
72 P.S. § 7201 et seq.
2
72 P.S. § 7301 et seq.
3
72 P.S. § 7401 et seq.
4
72 P.S. § 7601 et seq. (expired).
5
72 P.S. § 8101 et seq.
6
65 P.S. § 67.102.
72 P.S. § 8710-G, PA ST 72 P.S. § 8710-G
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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