H0036B1244A01317 AJB:SRA 05/02/13 #90 A01317
AMENDMENTS TO HOUSE BILL NO. 36
Sponsor: REPRESENTATIVE MIRANDA
Printer's No. 1244
4§ 3811. Reports.
5The secretary shall submit an annual report to the chair and
6minority chair of the standing committees in the Senate and the
7chair and minority chair of the standing committees in the House
8of Representatives with jurisdiction over the department and the
9Department of Revenue indicating the effectiveness of the tax
10credit provided under this chapter no later than March 15
11following the fiscal year in which the tax credits were
12approved. Notwithstanding any law providing for the
13confidentiality of tax records, the report shall include all of
15(1) The names of all taxpayers awarded the tax credits.
16(2) All taxpayers utilizing the tax credits.
23(6) The amount of county economic activity and impact,
24including the number of jobs and the wages of the jobs,
25generated by qualified business ventures along with job
26training opportunities that have arisen as a result of
27receiving the tax credit.
30(8) The net benefit of the tax credit to the economy of
31this Commonwealth as compared to alternative uses, such as
32reducing the corporate net income tax rate or increasing the
33research and development tax credit under Articles IV and
34XVII-B of the act of March 4, 1971 (P.L.6, No.2), known as
35the Tax Reform Code of 1971.