TITLE 4: ECONOMIC RESOURCES
DIVISION 1: REVENUE AND TAXATION
§ 1931. Short Title. This chapter may be cited as the Developer Infrastructure Tax Act of 1993. Source: PL 8-23, § 1. Commission Comment: PL 8-23 took effect July 19, 1993. According to PL 8-23, § 2: Section 2. Findings and Purpose. The legislature finds that: (a) Existing public infrastructure in the Commonwealth is insufficient to serve the level of development in the Commonwealth; (b) Existing tax resources and other sources of public funds are insufficient to finance the infrastructure needed to serve proposed and expected private development; (c) Additional revenues are required to meet the infrastructure demands of new development; (d) It is the purpose of this Act to raise new revenues to defray the costs of infrastructure.