PRINTER'S NO. 3613
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2213
Session of
2015
INTRODUCED BY MUSTIO, D. COSTA, WHEATLEY, HARHART, READSHAW,
BOYLE, BRADFORD, FRANKEL, GAINEY, GIBBONS, LAWRENCE,
SCHLOSSBERG, SCHWEYER, DRISCOLL, V. BROWN, STURLA,
YOUNGBLOOD, RAVENSTAHL, DEASY, PHILLIPS-HILL AND NEUMAN,
JUNE 23, 2016
REFERRED TO COMMITTEE ON FINANCE, JUNE 23, 2016
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in neighborhood assistance tax credit, further
providing for tax credit.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1904-A(c) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, amended
July 25, 2007 (P.L.373, No.55), is amended to read:
Section 1904-A. Tax Credit.--* * *
(c) The total amount of tax credit granted for programs
approved under this act shall not exceed [eighteen million
dollars ($18,000,000)] twenty-five million dollars ($25,000,000)
of tax credit in any fiscal year.
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Section 2. This act shall take effect in 60 days.
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