Reports

Act 176 of 1929, § 1612-H.2, under THE FISCAL CODE.

Act 176 of 1929, § 1612-H.2

Section 1612-H.2. Reports.

(a) Duties.--On or before January 1, 2028, and January 1 of each year thereafter, the department shall do the following:

(1) Submit a report on the implementation of the program to all of the following:

(i) The Governor.

(ii) The chairperson and minority chairperson of the Appropriations Committee of the Senate.

(iii) The chairperson and minority chairperson of the Appropriations Committee of the House of Representatives.

(2) Publish the report under paragraph (1) on the department's publicly accessible Internet website.

(b) Contents.--The report under subsection (a) shall include the following:

(1) The name of the purchaser of premiums tax credits.

(2) The amount of premiums tax credits allocated to the purchaser.

(3) The amount of capital the purchaser contributed for the issuance of the tax credit certificate.

(4) The amount of any tax credits that have been transferred under section 1609-H.2(e).

(5) The amount of funds received by the recipients during the previous year.

(6) The cumulative amount of capital received by the department in connection with the sale of the tax credits.

(7) The amount of capital remaining uninvested at the end of the preceding calendar year.

(8) The name, location, age of business, number of employees at time of investment and primary industry of business receiving capital from the recipients, the reason for the investment and the amount of the investment.

(9) The total number of jobs created in this Commonwealth by the investment and the average wages paid for the jobs.

(10) The total number of jobs retained in this Commonwealth as a result of the investment and the average wages paid for the jobs.

(1612-H.2 added July 12, 2026, P.L.265, No.21)