H2297B3347A06207       RLE:JSL 03/12/08    #90             A06207
                       AMENDMENTS TO HOUSE BILL NO. 2297
                                    Sponsor:  REPRESENTATIVE ARGALL
                                           Printer's No. 3347

     1       Amend Title, page 1, line 14, by striking out "and" and
     2    inserting a comma
     3       Amend Title, page 1, line 15, by striking out all of said
     4    line and inserting
     5               parcels, for monitoring data and for periodic audit;
     6               and further providing for authorization criteria, for
     7               sales and use tax, for

     8       Amend Title, page 1, line 16, by removing the period after
     9    "tax" and inserting
    10               and for reporting.
    11       Amend Bill, page 5, by inserting between lines 4 and 5
    12    Section 301.6.  Monitoring data.
    13       In addition to any other requirements of this act, the
    14    department shall keep track of all of the following:
    15           (1)  Verifiable job creation and job retention data,
    16       including net overall employment figures.
    17           (2)  Information on the types of jobs created and average
    18       hourly wages.
    19           (3)  Number of years in the program.
    20           (4)  Annual, unduplicated public and private capital
    21       investment amounts.
    22           (5)  Status of program participant, including whether the
    23       participant is a new business start-up, relocation from
    24       within Pennsylvania, move-in from out-of-State or expansion
    25       of existing business.
    26           (6)  Business type and description, including SIC code.
    27           (7)  Program cost at both the State and local levels,
    28       including an estimate of county, local and school taxes
    29       foregone.
    30           (8)  Types and amounts of other economic development
    31       assistance received from the department.
    32           (9)  Documentation of progress concerning the applicant's
    33       compliance, or failure to comply, with payment of local taxes
    34       and with code requirements.
    35           (10)  Documentation that proper participants identified


     1       as relocations meet the increased full-time employment,
     2       increased capital investment or lease agreement requirements
     3       of this act.
     4    Section 301.7.  Periodic audit.
     5       The keystone opportunity zone program shall undergo an
     6    independent audit every two years. The first audit shall be
     7    concluded within one year of the effective date of this section.
     8       Section 2.  Section 304(a) of the act, amended December 9,
     9    2002 (P.L.1727, No.217), is amended to read:
    10    Section 304.  Criteria for authorization of keystone opportunity
    11                   zone.
    12       (a)  Specific criteria.--In order to qualify for
    13    authorization under this act, the proposed keystone opportunity
    14    zone or proposed keystone opportunity expansion zone shall meet
    15    at least [two] six of the following criteria:
    16           (1)  At least 20% of the population is below the poverty
    17       level.
    18           (2)  The unemployment rate is 1.25 times the Statewide
    19       average.
    20           (3)  At least 20% of all real property within a five-mile
    21       radius of the proposed keystone opportunity zone, proposed
    22       keystone opportunity expansion zone, proposed subzone or
    23       proposed expansion subzone in a nonurban area is deteriorated
    24       or underutilized.
    25           (4)  At least 20% of all real property within a one-mile
    26       radius of the proposed keystone opportunity zone, proposed
    27       keystone opportunity expansion zone, proposed subzone or
    28       proposed expansion subzone in an urban area is deteriorated
    29       or underutilized.
    30           (5)  At least 20% of all occupied housing within a two-
    31       mile radius of the proposed keystone opportunity zone,
    32       proposed keystone opportunity expansion zone, proposed
    33       subzone or proposed expansion subzone in a nonurban area is
    34       deteriorated.
    35           (6)  At least 20% of all occupied housing within a one-
    36       mile radius of the proposed keystone opportunity zone,
    37       proposed keystone opportunity expansion zone, proposed
    38       subzone or proposed expansion subzone in an urban area is
    39       deteriorated.
    40           (7)  In an urban area, the median family income is 80% or
    41       less of the urban median family income for that metropolitan
    42       statistical area.
    43           (8)  In an area other than an urban area, the median
    44       family income is 80% or less of the Statewide nonurban median
    45       family income.
    46           (9)  The population loss exceeds 10% in an area that
    47       includes the proposed keystone opportunity zone or proposed
    48       keystone opportunity expansion zone and its surrounding area
    49       but is not larger than the county or counties in which the
    50       proposed keystone opportunity zone or proposed keystone
    51       opportunity expansion zone is located, based on census data
    52       for the period between 1980 and 1990 or census estimates
    53       since 1990 establishing a pattern of population loss.
    54           (10)  The political subdivision in which the proposed
    55       keystone opportunity zone or proposed keystone opportunity
    56       expansion zone is located has experienced a sudden and/or
    57       severe job loss.
    58           (11)  At least 33% of the real property in a proposed
    59       keystone opportunity zone or proposed keystone opportunity

    HB2297A06207                     - 2 -     

     1       expansion zone in a nonurban area would otherwise remain
     2       underdeveloped or nonperforming due to physical
     3       characteristics of the real property.
     4           (12)  The area has substantial real property with
     5       adequate infrastructure and energy to support new or expanded
     6       development.
     7       * * *

     8       Amend Sec. 2, page 5, line 5, by striking out "2" and
     9    inserting
    10               3
    11       Amend Sec. 3, page 6, line 3, by striking out "3" and
    12    inserting
    13               4
    14       Amend Bill, page 7, by inserting between lines 9 and 10
    15       Section 5.  Section 1102 of the act, amended December 20,
    16    2000 (P.L.841, No.119), is amended to read:
    17    Section 1102.  Reporting.
    18       The department shall report to the General Assembly on the
    19    economic effects of this act in each keystone opportunity zone
    20    or keystone opportunity expansion zone every [four years] year.

    21       Amend Sec. 4, page 7, line 10, by striking out "4" and
    22    inserting
    23               6
    24       Amend Sec. 5, page 7, line 12, by striking out "5" and
    25    inserting
    26               7







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