PRINTER'S NO. 2137
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1279
Session of
2018
INTRODUCED BY ARGALL, BREWSTER, STREET, YUDICHAK, McGARRIGLE,
FARNESE, BOSCOLA AND LEACH, NOVEMBER 13, 2018
REFERRED TO FINANCE, NOVEMBER 13, 2018
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 historic preservation incentive tax credit,
further providing for definitions and for tax credit
certificates, establishing the Historic Rehabilitation Tax
Credit Administration Account, further providing for
carryover, carryback and assignment of credit and for pass-
through entity, providing for annual report to General
Assembly, further providing for application of Internal
Revenue Code and for limitation and providing for recapture.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Sections 1702-H, 1703-H, 1705-H(d) and (e) and
1706-H of the act of March 4, 1971 (P.L.6, No.2), known as the
Tax Reform Code of 1971, are amended to read:
Section 1702-H. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
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