Bill Text: PA SB634 | 2011-2012 | Regular Session | Amended

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Bill Title: In neighborhood assistance tax credit, further providing for definitions and for tax credit.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-06-30 - Laid on the table [SB634 Detail]

Download: Pennsylvania-2011-SB634-Amended.html

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PRIOR PRINTER'S NO. 642 PRINTER'S NO. 1404
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 634 Session of2011
INTRODUCED BY BRUBAKER, BREWSTER, TOMLINSON, COSTA, PICCOLA, EARLL, ARGALL, SMUCKER, ORIE, YAW, ERICKSON, BOSCOLA, STACK, KASUNIC, TARTAGLIONE, PIPPY, DINNIMAN, WILLIAMS, D. WHITE, BAKER, SOLOBAY, FONTANA, YUDICHAK, MENSCH, VANCE, WOZNIAK, ALLOWAY, BROWNE, WASHINGTON, FARNESE AND WARD, FEBRUARY 24, 2011
SENATOR BRUBAKER, FINANCE, AS AMENDED, JUNE 22, 2011
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," in neighborhood assistance tax credit, further
providing for definitions and for tax credit. <--
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1904-A of the act of March 4, 1971 <--
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
by adding a subsection to read:
Section 1904-A. Tax Credit.--* * *
(b.2) When approving applications for neighborhood
assistance tax credits, the secretary shall take into special
consideration applications which involve charitable food
programs and dedicate at least twenty-five per cent of the
available tax credits for these purposes.
* * *
Section 1. The definition of "community services" in section <--
1902-A of the act of March 4, 1971 (P.L.6, No.2), known as the
Tax Reform Code of 1971, amended May 7, 1997 (P.L.85, No.7), is
amended and the section is amended by adding a definition to
read:
Section 1902-A. Definitions.--The following words, terms and
phrases, when used in this article, shall have the meanings
ascribed to them in this section, except where the context
clearly indicates a different meaning:
* * *
"Charitable food program." An emergency food provider or a
regional food bank as defined in section 2 of the act of
December 11, 1992 (P.L.807, No.129), known as the State Food
Purchase Program Act.
"Community services." Any type of counseling and advice,
emergency assistance, food assistance or medical care furnished
to individuals or groups in an impoverished area.
* * *
Section 2. Section 1904-A(b.1) of the act, amended July 25,
2007 (P.L.373, No.55), is amended to read:
Section 1904-A. Tax Credit.--* * *
(b.1) The secretary shall take into special consideration,
when approving applications for neighborhood assistance tax
credits, applications which involve:
(1) multiple projects in various markets throughout this
Commonwealth[.]; and
(2) charitable food programs.
20110SB0634PN1404 - 2 -
* * *
Section 3. This act shall apply to fiscal years beginning
after June 30, 2011.
Section 2 4. This act shall take effect immediately. <--
20110SB0634PN1404 - 3 -