|Posted:||November 16, 2017 10:23 AM|
|From:||Representative Jason Ortitay|
|To:||All House members|
|Subject:||Increasing Transparency in Tax Credit Programs Legislation|
|Please join me as a cosponsor of legislation to bring transparency to the Commonwealth’s tax credit programs. Currently, only a handful of tax credit programs require annual reports to be submitted to the General Assembly, and the information contained in them is often insufficient for citizens to learn much about how the programs are operating.
With the development of PennWATCH, citizens have access to a greater understanding of how their tax dollars are being spent. This legislation amends the Tax Reform Code to extend that principle to the recipients of tax credit programs.
The annual reports will be required to include the name of the taxpayer that receives a tax credit, information on the amount of the credit that is issued or used in the year, the amount of tax credits that are outstanding, and similar information relating to taxpayers that buy or are assigned a tax credit.
I hope that you join me in co-sponsoring this important legislation
Introduced as HB1947