|Posted:||January 4, 2019 01:52 PM|
|From:||Senator Mario M. Scavello and Sen. Wayne Langerholc, Jr.|
|To:||All Senate members|
|Subject:||Airport Land Development Zone (ALDZ) Program|
In the near future, we intend to introduce legislation to support development through job creation in and around Pennsylvania’s airports.
Pennsylvania has a significant number of airports, serving commercial and general aviation needs, which are true economic development assets. While aviation plays a significant role in Pennsylvania’s economy, many airports struggle despite their owning a substantial amount of land and buildings that can be developed into productive economic uses. Although FAA restrictions and federal law put airports at a disadvantage from other non-restricted property, more can be done to expand aviation’s economic impact.
Therefore, this legislation creates the Airport Land Development Zone (ALDZ) program to incentivize development on vacant land and buildings owned by airports and leased to private businesses. The ALDZ designation will allow any industrial or commercial business that locates from another state to an ALDZ or has a Pennsylvania presence and makes a significant new investment by expanding operations and creating new jobs in an ALDZ, to receive a $2,100 per job tax credit for each net-new job they create in Pennsylvania, each year for 10 years. The tax credit is structured similar to the Keystone Special Development Zone (KSDZ) program. Most importantly, since this tax credit is only based on net-new jobs, this program will have no fiscal impact on the present state budget, similar to fiscal impact of the KSDZ.
Please join us in co-sponsoring this legislation. If you have any questions regarding this legislation, please contact Christine Zubeck in Senator Scavello’s office at 717-787-6123 or firstname.lastname@example.org or Gwenn Dando in Senator Langerholc’s office at 717-787-5400 or email@example.com.
Introduced as SB628