S0181B0161A00087 AJB:CMD 01/31/17 #90 A00087
AMENDMENTS TO SENATE BILL NO. 181
Sponsor: SENATOR HUGHES
Printer's No. 161
Amend Bill, page 1, line 1, by inserting after "budgeting"
and tax credit efficiency review
Amend Bill, page 1, line 9, by inserting after "Budgeting"
and Tax Credit Efficiency
Amend Bill, page 2, by inserting between lines 13 and 14
(4) A thorough and efficient review of the tax credits
the Commonwealth offers to various individuals, organizations
and companies is vital to ensuring that the Commonwealth is
being a good stalwart of the support of taxpayers.
Amend Bill, page 2, by inserting between lines 21 and 22
"Evaluation." The process of review of a tax credit by the
IFO. The term includes soliciting or accepting public input.
"Evaluation date." The date by which an evaluation of a tax
credit by the IFO must be completed.
Amend Bill, page 2, by inserting between lines 26 and 27
"Tax Reform Code of 1971." The act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971.
Amend Bill, page 5, by inserting between lines 3 and 4
Section 6. Evaluation.
(a) Evaluation.--Beginning January 1, 2018, the IFO shall
undertake and complete an evaluation of a tax credit by the
evaluation date as follows:
(1) On or before January 1, 2019, for the following tax
credits:
(i) Article XVII-D of the Tax Reform Code of 1971.
(ii) Article XVII-G of the Tax Reform Code of 1971.
(iii) Article XVIII-F of the Tax Reform Code of
1971.
(iv) Article XX-B of the act of March 10, 1949
(P.L.30, No.14), known as the Public School Code of 1949.
(2) On or before January 1, 2020, for the following tax
credits:
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(i) Article XVII-B of the Tax Reform Code of 1971.
(ii) Article XVIII of the Tax Reform Code of 1971.
(iii) Article XVIII-E of the Tax Reform Code of
1971.
(iv) The tax credits authorized under sections 518
and 519 of the act of October 6, 1998 (P.L.705, No.92),
known as the Keystone Opportunity Zone, Keystone
Opportunity Expansion Zone and Keystone Opportunity
Improvement Zone Act.
(3) On or before January 1, 2021, for the following tax
credits:
(i) Article XVII-E of the Tax Reform Code of 1971.
(ii) Article XVII-H of the Tax Reform Code of 1971.
(iii) Article XVIII-C of the Tax Reform Code of 1971.
(iv) Section 1906-F of the Tax Reform Code of 1971.
(4) On or before January 1, 2022, for the following tax
credits:
(i) Article XVII-I of the Tax Reform Code of 1971.
(ii) Article XIX-A of the Tax Reform Code of 1971.
(iii) Article XIX-B of the Tax Reform Code of 1971.
(iv) Article XIX-C of the Tax Reform Code of 1971.
(v) The tax credit authorized under Chapter 7 of the
act of July 9, 2008 (1st Sp.Sess., P.L.1873, No.1), known
as the Alternative Energy Investment Act.
(5) On or before January 1, 2023, for the following tax
credits:
(i) Article XVII-A of the Tax Reform Code of 1971.
(ii) Article XVIII-B of the Tax Reform Code of 1971.
(iii) Article XVIII-D of the Tax Reform Code of
1971.
(iv) Any other tax credit not specified under this
subsection.
(b) Frequency.--Tax credits enumerated under subsection (a)
shall be evaluated by the IFO on or before January 1 of every
fifth year after the dates specified under subsection (a)(1),
(2), (3), (4) and (5).
(c) Future tax credits.--Subject to subsection (d), a tax
credit authorized on or after the effective date of this section
shall be evaluated by the IFO on or before January 1 of the
fifth year after enactment.
(d) Termination.--If a tax credit has a termination date
provided for by law, an evaluation shall be made by the IFO of
the tax credit on or before January 1 of the year preceding the
calendar year of the termination date.
(e) Duty.--The IFO must submit a report of the evaluations
made under this section to the Governor, the chairperson and
minority chairperson of the Appropriations Committee of the
Senate, the chairperson and minority chairperson of the Finance
Committee of the Senate, the chairperson and minority
chairperson of the Appropriations Committee of the House of
Representatives and the chairperson and minority chairperson of
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the Finance Committee of the House of Representatives and must
make the reports available on the IFO's publicly accessible
Internet website.
(f) Contents.--A report under subsection (e) must include
all of the following:
(1) The purpose for which the tax credit was
established.
(2) Whether the original intent of the tax credit is
still appropriate.
(3) Whether the tax credit is meeting the tax credit's
stated intent.
(4) Whether the tax credit could be more efficiently and
effectively carried out through alternative methods.
(5) The costs of providing the tax credit, including the
administrative cost to the Commonwealth and lost revenues to
the Commonwealth and local governments.
(6) Whether the tax credit should be continued,
terminated or amended.
(7) If the tax credit should be amended, recommended
changes to make the tax credit more efficient and effective.
Amend Bill, page 5, line 4, by striking out "6" and inserting
7
Amend Bill, page 6, line 15, by striking out "7" and
inserting
8
Amend Bill, page 6, line 19, by striking out "8" and
inserting
9
Amend Bill, page 6, line 21, by striking out "and" and
inserting a comma
Amend Bill, page 6, line 22, by inserting after "thereto"
and whether or not a tax credit is efficient
Amend Bill, page 6, line 24, by striking out "9" and
inserting
10
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See A00087 in
the context
of SB0181