H1377B1488A01599 LKK:JSL 06/11/21 #90 A01599
AMENDMENTS TO HOUSE BILL NO. 1377
Sponsor: REPRESENTATIVE GALLOWAY
Printer's No. 1488
Amend Bill, page 1, lines 13 and 14, by striking out all of
line 13 and "and," in line 14
Amend Bill, page 1, lines 14 and 15, by striking out
"limitation on benefits and for"
Amend Bill, page 1, lines 15 and 16, by striking out "and
further providing for qualified businesses"
Amend Bill, page 1, lines 19 through 23; page 2, lines 1
through 30; page 3, lines 1 through 8; by striking out all of
said lines on said pages and inserting
Section 1. The act of October 6, 1998 (P.L.705, No.92),
known as the Keystone Opportunity Zone, Keystone Opportunity
Expansion Zone and Keystone Opportunity Improvement Zone Act, is
amended by adding a section to read:
Amend Bill, page 3, line 10, by inserting before "A"
(a) Relocation.--
Amend Bill, page 3, line 19, by inserting after "have"
the
Amend Bill, page 3, line 25, by striking out "section" and
inserting
subsection
Amend Bill, page 3, lines 26 through 30; page 4, lines 1
through 27; by striking out all of said lines on said pages and
inserting
(b) Exemption.--A business may not be subject to subsection
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(a), if all the following apply:
(1) The business applied for and received a tax
exemption, deduction, abatement or credit under this act
prior to the effective date of this section.
(2) The business made a commitment to relocate to
another subzone, improvement subzone or expansion subzone
prior to the effective date of this section. The business
shall have the burden to demonstrate to the department
evidence of the commitment.
Amend Bill, page 4, line 28, by striking out "4" and
inserting
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