Title 12, COMMERCE AND TRADE

2014 Amendment. Section 2910 was deleted by amendment October 22, 2014, P.L.2569, No.161, effective November 1, 2014.

(a) Annual reports.--On or before September 1 of each year, the authority shall provide a report to the Secretary of the Senate and to the Chief Clerk of the House of Representatives. The report shall describe all relevant activities of the authority pursuant to this chapter and …

The authority shall develop written guidelines for the implementation of this chapter. (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)

This chapter relates to the Pennsylvania Industrial Development Program.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Agent." The term includes the Department of Community and Economic Development. "Agricultural processor." An entity tha…

There is established within the authority a program to be known as the Pennsylvania Industrial Development Program. The program shall be administered by the authority to provide loans for industrial development projects, industrial parks and multiple-tenancy building projects, to…

A certified economic development organization may submit an application for assistance under this chapter and under 64 Pa.C.S. § 1121(a) (relating to common application process). The application shall be on the form required by the authority and shall include or demonstrate all o…

The authority may contract to loan an amount not to exceed 50% of the cost of establishing an industrial development project, subject to the following conditions: (1) Before making the loan, the authority shall determine that: (i) the borrower is responsible to assume all obligat…

The authority may contract to loan an amount not to exceed 75% of the cost of establishing an industrial park project, subject to the following conditions: (1) The authority shall determine the interest rate and repayment period of the loan. (2) The loan must be evidenced by note…

The authority may contract to loan an amount not to exceed 50% of the cost of establishing a multiple-tenancy building project, subject to the following conditions: (1) The authority shall determine the interest rate and repayment period of the loan. (2) The loan must be evidence…

(a) Inspection.--An applicant or a recipient shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the applicant or recipient. (b) Updating.--An applicant or a recipient shall provide updated information to the a…

A loan may not be recommended or approved if the proceeds of the loan could do any of the following: (1) Cause, aid or assist directly in the relocation of any business operations from one part of this Commonwealth to another unless there is at least a 25% net increase in employm…

The authority shall establish minimum levels of job creation for loans under this chapter, or a requirement that one new job be created for a certain amount of funds loaned. In establishing the minimum levels of job creation, the authority shall consider unemployment statistics, …

This chapter relates to the Entertainment Economic Enhancement Program.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Class 1 venue." A stadium, arena, other structure or property at which concerts are performed and which is either of th…

(a) Application.--A taxpayer may apply to the department for a tax credit under this section. The application shall be on the form required by the department. (b) Review and approval.-- (1) The department shall establish application periods not to exceed 10 days on a bimonthly ba…

(a) Determination.--When prescribing standards for determining which rehearsal or tour expenses are considered Pennsylvania rehearsal and tour expenses for purposes of computing the tax credit provided by this chapter, the department shall consider: (1) The location where service…

(a) Cap.-- (1) The aggregate amount of tax credits awarded in a fiscal year under this chapter may not exceed $24,000,000. (2) In a fiscal year, the department may, in the department's discretion, advance the award of tax credits for qualified rehearsal and tour expenses incurred…

Beginning July 1, 2017, a recipient may claim a concert rehearsal and tour tax credit against the qualified tax liability of the recipient.

(a) General rule.--If a recipient cannot use the entire amount of a tax credit for the taxable year in which the tax credit is first approved, the excess may be carried over to succeeding taxable years and used as a tax credit against the qualified tax liability of the recipient …

(a) General rule.--If a pass-through entity has any unused tax credits under section 3207 (relating to carryover, carryback and assignment of tax credit), the pass-through entity may elect in writing, according to procedures established by the Department of Revenue, to transfer a…

A recipient which claims a tax credit and fails to incur the amount of qualified rehearsal and tour expenses agreed to under section 3203(d)(4) (relating to procedure) for a tour in that taxable year shall repay to the Commonwealth an amount equal to 110% of the difference betwee…

(a) Qualified rehearsal facility.--To be considered a qualified rehearsal facility under this chapter, the owner of a rehearsal facility shall provide evidence to the department to verify the development or facility specifications and capital improvement costs incurred for the re…

The department shall develop written guidelines for the implementation of this chapter. The guidelines shall be in effect until the department promulgates regulations for the implementation of this chapter.

No later than June 1, 2018, and September 1 of each year thereafter, the Secretary of Community and Economic Development shall submit a report to the General Assembly summarizing the effectiveness of the tax credits provided by this chapter. The report shall include the name of t…

This chapter relates to the Infrastructure and Facilities Improvement Program.

The following words and phrases when used in this chapter shall have the meaning given to them in this section unless the context clearly indicates otherwise: "Applicant." An issuing authority which applies for financial assistance under section 3404 (relating to application). "C…

There is established within the department a program to be known as the Infrastructure and Facilities Improvement Program. The program shall enhance the economic development of the Commonwealth by providing financial assistance in the form of multiyear grants to issuing authoriti…

An issuing authority may submit an application to the department requesting financial assistance for a project. The application must be on a form required by the department and must include all of the following: (1) The name and address of the applicant. (2) The name, address and…

(a) Project review.--Upon receiving a completed application, the department shall review the application to determine all of the following: (1) That the cost of the project is reasonable. (2) The number of net new full-time jobs created or to be created by the project and the num…

(a) Financial approval.--Upon being satisfied that all requirements have been met, the Secretary of the Budget shall establish a maximum annual amount for the grant and shall notify the department and the Department of Revenue. The annual amount established shall be based upon th…

This chapter relates to the Water Supply and Wastewater Infrastructure Capitalization Program.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Applicant." A municipality, a municipal authority, industrial development corporation or an investor-owned water or was…

There is established within the department a program to be known as the Water Supply and Wastewater Infrastructure Capitalization Program. The program shall finance single-year or multiyear grants to municipalities and municipal authorities and loans to municipalities, municipal …

Upon being notified by the authority that a grant has been approved under 64 Pa.C.S. § 1558(c) (relating to Water Supply and Wastewater Infrastructure Program) for an applicant, the department shall enter into a contract with the applicant. The contract shall be for the amount ap…

(a) Award.-- (1) Upon being notified that a loan has been approved under 64 Pa.C.S. § 1558(d) (relating to Water Supply and Wastewater Infrastructure Program) for an applicant, the department shall enter into a contract with the applicant. The contract shall be for the amount app…

(a) Proceeds.--Proceeds of the borrowing authorized by the electors pursuant to the act of February 12, 2004 (P.L.72, No.10), known as the Water and Wastewater Treatment Project Bond Act, shall be deposited in the fund. (b) Fund.-- (1) The Water Supply and Wastewater Treatment Fu…

(a) Borrowing authorized.-- (1) Pursuant to section 7(a)(3) of Article VIII of the Constitution of Pennsylvania and the approval by the electorate on April 27, 2004, of the referendum authorized by the act of February 12, 2004 (P.L.72, No.10), known as the Water and Wastewater Tr…

This chapter relates to the Film Production Grant Program.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Applicant." A person that files a notice and application in accordance with this chapter. "Department." The Department …

There is established within the department a program to be known as the Film Production Grant Program. The program shall be administered by the department to provide grants to persons for certain films produced within this Commonwealth. Cross References. Section 4103 is referred …

At any time prior to 60 days after the completion of production of a film, a person may submit an application for a film production grant to the department. The application shall be on a form required by the department and shall include or demonstrate all of the following: (1) An…

The department shall review the application to determine if the applicant has met all of the criteria set forth in section 4104 (relating to application).

The following shall apply: (1) Upon being satisfied that all requirements have been met and subject to section 4108 (relating to limitations), the department may approve the application and award a film production grant. (2) Prior to providing grant funds to the applicant, the de…

(a) Imposition.--Except as provided in subsection (b), the department shall impose a penalty upon a recipient for violation of the contract required by section 4106 (relating to approval). (b) Exception.--The department may waive the penalty required by subsection (a) if the depa…

The following limitations shall apply: (1) A grant awarded under this chapter to an applicant for a film may not exceed 20% of the qualified film production expenses incurred for the film. (2) In no case shall the aggregate amount of grants awarded in any fiscal year under this c…