S1412B2141A08125 SFL:JMM 06/27/08 #90 A08125 AMENDMENTS TO SENATE BILL NO. 1412 Sponsor: SENATOR FUMO Printer's No. 2141 1 Amend Sec. 2 (Sec. 301.4), page 7, by inserting between lines 2 13 and 14 3 (d) Prohibition.--The department shall be prohibited from 4 designating any parcel of land within a city of the first class 5 as a keystone opportunity zone, keystone opportunity expansion 6 zone, keystone opportunity improvement zone or a keystone 7 opportunity innovation zone if any project involving a parcel, 8 within a 1,001-foot radius as measured from the center of the 9 proposed parcel to be designated, has received or has been 10 designated to receive in excess of $20,000,000 in funding from 11 the Commonwealth within the last four years. The department 12 shall be prohibited from providing any State financial 13 assistance, including loans, grants or any tax abatements, 14 credits, deductions or exemptions provided under this act or any 15 other State law to a parcel located within the area described in 16 this subsection nor shall the department or the governing body 17 of the city of the first class provide any tax exemption, 18 deduction, abatement, credit or other tax benefit under the act 19 of December 1, 1977 (P.L.237, No.76), known as the Local 20 Economic Revitalization Tax Assistance Act, for any project 21 involving a parcel located within the area described in this 22 subsection. F27L90SFL/SB1412A08125