| |
| PRIOR PRINTER'S NO. 174 | PRINTER'S NO. 187 |
|
| |
| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
| |
| SENATE RESOLUTION |
|
| |
| |
| INTRODUCED BY PIPPY, FERLO, FONTANA, WOZNIAK, ALLOWAY, STOUT, FOLMER, ORIE, RAFFERTY, LEACH, BROWNE, O'PAKE, WAUGH, SCARNATI AND EARLL, FEBRUARY 6, 2009 |
| |
| |
| SENATOR BROWNE, FINANCE, AS AMENDED, FEBRUARY 10, 2009 |
| |
| |
| |
| A RESOLUTION |
| |
1 | Directing the Legislative Budget and Finance Committee to |
2 | determine the impact of Pennsylvania's tax credit programs on |
3 | the Commonwealth's economy, job market and State and local |
4 | tax revenues. |
5 | WHEREAS, The Commonwealth of Pennsylvania has enacted at |
6 | least 1318 different tax credit programs that apply to | <-- |
7 | businesses and other taxpayers; and |
8 | WHEREAS, These tax credit programs vary in size, scope and |
9 | purpose; and |
10 | WHEREAS, Taken together, the Commonwealth's tax credit |
11 | programs total approximately $350 million annually; and |
12 | WHEREAS, Information on the effectiveness of the |
13 | Commonwealth's tax credit programs in achieving their respective |
14 | goals and objectives is important information for the General |
15 | Assembly to consider; therefore be it |
16 | RESOLVED, That the Legislative Budget and Finance Committee |
17 | conduct a study to determine the effect of the Commonwealth's |
18 | tax credit programs on the Commonwealth's economy, job market |
|
1 | and State and local tax revenues; and be it further |
2 | RESOLVED, That the Legislative Budget and Finance Committee |
3 | study include an assessment of the: |
4 | (1) neighborhood assistance programs (Article XIX-A of |
5 | the Tax Reform Code of 1971); |
6 | (2) employment incentive payments (Article XIX-A of the |
7 | Tax Reform Code of 1971); |
8 | (3) Homeowner's Emergency Mortgage Assistance Fund |
9 | (Article IV-C of the Housing Finance Agency Law); |
10 | (4) job creation tax credit (Article XVIII-B of the Tax |
11 | Reform Code of 1971); |
12 | (5) research and development tax credit (Article XVII-B |
13 | of the Tax Reform Code of 1971); |
14 | (6) keystone opportunity zone (Act 92 of October 6, |
15 | 1998; |
16 | (7) coal waste removal and ultraclean fuels tax credit |
17 | (Article XVIII-A of the Tax Reform Code of 1971); |
18 | (8) educational improvement tax credit (Article XX-B of |
19 | the Public School Code of 1949, as amended); |
20 | (9) keystone innovation zone (Act 12 of February 12, |
21 | 2004); |
22 | (10) film production tax credit (Article XVII-C of the | <-- |
23 | Tax Reform Code of 1971, as amended); |
24 | (10)(11) first class cities economic development | <-- |
25 | district (Act 226 of December 1, 2004); |
26 | (11)(12) organ and bone marrow donor tax credit (Act 65 | <-- |
27 | of July 2, 2006); |
28 | (12)(13) strategic development areas (Act 151 of | <-- |
29 | November 20, 2006); |
30 | (13)(14) resource enhancement and protection tax credit | <-- |
|
1 | (Article XVII-E of the Tax Reform Code of 1971); |
2 | (14)(15) life and health insurance guaranty association | <-- |
3 | credit (Article XVII of the Insurance Company Law of 1921); |
4 | (15)(16) property and causality guaranty association tax | <-- |
5 | credit (Article IX of the Tax Reform Code of 1971); |
6 | (16)(17) emergency tax credit (Article XX of the Tax | <-- |
7 | Reform Code of 1971); |
8 | (17)(18) call center credit (Article II of the Tax | <-- |
9 | Reform Code of 1971); |
10 | and be it further |
11 | RESOLVED, That the Legislative Budget and Finance Committee |
12 | determine the extent to which each of the above-listed programs |
13 | have clearly defined goals and objectives and whether the |
14 | Commonwealth collects the information necessary to assess |
15 | whether those goals and objectives are being achieved; and be it |
16 | further |
17 | RESOLVED, That the Legislative Budget and Finance Committee |
18 | report all findings to the Senate no later than one year from |
19 | the passage of this resolution. |
|