Bill Text: PA HB2511 | 2011-2012 | Regular Session | Introduced

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Bill Title: Providing for notice of application for tax credit.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Introduced - Dead) 2012-06-25 - Referred to FINANCE [HB2511 Detail]

Download: Pennsylvania-2011-HB2511-Introduced.html

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PRINTER'S NO. 3823
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 2511 Session of2012
INTRODUCED BY WATERS, THOMAS, PARKER, DeLUCA, V. BROWN, JAMES, KORTZ, YOUNGBLOOD, FABRIZIO AND DONATUCCI, JUNE 25, 2012
REFERRED TO COMMITTEE ON FINANCE, JUNE 25, 2012
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," providing for notice of application for tax
credit.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding a section to
read:
Section 3003.22. Notice of Application for Tax Credit.--(a)
Prior to applying for a tax credit in a first or second class
city, a business entity shall provide notice to the following
officials elected on behalf of the city's constituents:
(1) State Representative in whose district the qualifying
activity occurred or is to occur.
(2) State Senator in whose district the qualifying activity
occurred or is to occur.
(3) Mayor.
(4) Council member in whose district the qualifying activity
occurred or is to occur.
(b) Prior to applying for a tax credit in any other
municipality, a business entity shall provide notice to the
following officials elected on behalf of the municipality's
constituents:
(1) State Representative in whose district the qualifying
activity occurred or is to occur.
(2) State Senator in whose district the qualifying activity
occurred or is to occur.
(3) Municipal executive, including, but not limited to, a
mayor or township manager.
(4) Municipal legislative body, including, but not limited
to, a city council or township supervisors.
(c) A State Representative or State Senator under this
section may call for a public informational meeting regarding
the tax credit application. Any expenses for the public
informational meeting shall be paid by the business entity.
Notice of the public informational meeting shall be published in
the Pennsylvania Bulletin.
(d) An official or a majority of a municipal legislative
body under this section shall notify the Department of Revenue
in writing of its reasons if either objects to the tax credit.
Within a reasonable time after receiving the objection, the
department shall notify the applicant that the tax credit is
disallowed. The notice shall be sent to the business entity's
place of business located in the first or second class city or
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other municipality and shall include the stated reasons for the
objection.
(e) As used in this section, the term "business entity"
means a corporation, partnership, association, limited liability
company or limited liability partnership authorized to do
business in this Commonwealth.
Section 2. This act shall take effect in 60 days.
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