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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