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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE RESOLUTION |
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| INTRODUCED BY PIPPY, FERLO, FONTANA, WOZNIAK, ALLOWAY, STOUT, FOLMER, ORIE, RAFFERTY, LEACH, BROWNE, O'PAKE AND WAUGH, FEBRUARY 6, 2009 |
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| REFERRED TO FINANCE, FEBRUARY 6, 2009 |
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| A RESOLUTION |
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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 13 different tax credit programs that apply to businesses |
7 | 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 |
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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) first class cities economic development district |
23 | (Act 226 of December 1, 2004); |
24 | (11) organ and bone marrow donor tax credit (Act 65 of |
25 | July 2, 2006); |
26 | (12) strategic development areas (Act 151 of November |
27 | 20, 2006); |
28 | (13) resource enhancement and protection tax credit |
29 | (Article XVII-E of the Tax Reform Code of 1971); |
30 | (14) life and health insurance guaranty association |
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1 | credit (Article XVII of the Insurance Company Law of 1921); |
2 | (15) property and causality guaranty association tax |
3 | credit (Article IX of the Tax Reform Code of 1971); |
4 | (16) emergency tax credit (Article XX of the Tax Reform |
5 | Code of 1971); |
6 | (17) call center credit (Article II of the Tax Reform |
7 | Code of 1971); |
8 | and be it further |
9 | RESOLVED, That the Legislative Budget and Finance Committee |
10 | determine the extent to which each of the above-listed programs |
11 | have clearly defined goals and objectives and whether the |
12 | Commonwealth collects the information necessary to assess |
13 | whether those goals and objectives are being achieved; and be it |
14 | further |
15 | RESOLVED, That the Legislative Budget and Finance Committee |
16 | report all findings to the Senate no later than one year from |
17 | the passage of this resolution. |
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