Pennsylvania SB 778: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in city revitalization and improvement zones, further providing for approval.

Bill Text

PRINTER'S NO. 833
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 778
Session of
2025
INTRODUCED BY FLYNN, ARGALL, SANTARSIERO AND KANE, MAY 22, 2025
REFERRED TO COMMUNITY, ECONOMIC AND RECREATIONAL DEVELOPMENT,
MAY 22, 2025
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in city revitalization and improvement zones,
further providing for approval.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1804-C of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
by adding a subsection to read:
Section 1804-C. Approval.
* * *
(d.1) Approval schedule.--The Department of Community and
Economic Development shall develop a schedule for the approval
of applications under this section as follows:
(1) Following the effective date of this paragraph,
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applications for two initial city revitalization and
improvement zones and one pilot zone may be approved.
(2) Beginning in 2028, the department shall approve
applications for two additional zones each calendar year.
* * *
Section 2. This act shall take effect in 60 days.
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