PRINTER'S NO. 367
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
426
Session of
2015
INTRODUCED BY VULAKOVICH, SMITH, ARGALL, BAKER, BOSCOLA,
BREWSTER, BROWNE, COSTA, FONTANA, HUGHES, MENSCH, RAFFERTY,
TARTAGLIONE AND TEPLITZ, FEBRUARY 12, 2015
REFERRED TO FINANCE, FEBRUARY 12, 2015
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 definitions and for tax credit.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "neighborhood assistance" in
section 1902-A of the act of March 4, 1971 (P.L.6, No.2), known
as the Tax Reform Code of 1971, amended May 7, 1997 (P.L.85,
No.7), is amended and the section is amended by adding a
definition to read:
Section 1902-A. Definitions.--The following words, terms and
phrases, when used in this article, shall have the meanings
ascribed to them in this section, except where the context
clearly indicates a different meaning:
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* * *
"Neighborhood assistance." Furnishing financial assistance,
labor, material and technical advice to aid in the physical
improvement of any part or all of an impoverished area. The term
includes housing assistance to vulnerable populations.
* * *
"Vulnerable populations." The term includes, but is not
limited to, veterans.
Section 2. Section 1904-A(b.1) of the act, amended July 2,
2012 (P.L.751, No.85), is amended to read:
Section 1904-A. Tax Credit.--* * *
(b.1) The secretary shall take into special consideration,
when approving applications for neighborhood assistance tax
credits, applications which involve:
(1) multiple projects in various markets throughout this
Commonwealth; and
(2) charitable food programs[.]; and
(3) vulnerable populations.
* * *
Section 3. This act shall take effect in 60 days.
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