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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8707.1-H. Annual report to General Assembly

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) Report on tax credit.--By October 1, 2020, and October 1 of each year thereafter, the Department of Community and Economic Development shall submit a report on the tax credit under this article to:

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

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

(3) The chairperson and minority chairperson of the Finance Committee of the Senate.

(4) The chairperson and minority chairperson of the Finance Committee of the House of Representatives.

(b) Report content.--The report shall include:

(1) The list of completed projects that have been awarded tax credits.

(2) The amount of Federal rehabilitation tax credits received by each completed project.

(3) The amount of State historic preservation incentive tax credits received by each completed project.

(4) Total project costs and the amount of private investment in each completed project.

(5) The total number of completed projects placed into service in the past year that were vacant for at least 12 months prior to commencement of rehabilitation work.

(6) The total number of completed projects placed into service in the past year that had not paid property taxes for at least 12 months prior to the commencement of rehabilitation work.

(7) The total number of temporary construction jobs and permanent jobs created by completed projects placed into service in the prior year.

(8) The amount of workforce housing projects placed into service in the prior year.

(c) Information to be posted on public Internet website.--Notwithstanding any law providing for the confidentiality of tax records, the information in the report shall be public information and shall be posted on the Department of Community and Economic Development's publicly accessible Internet website.

(d) Review of tax credit program.--The Department of Community and Economic Development, in cooperation with the commission, shall undertake a review of the Historic Preservation Incentive Tax Credit Program to determine the effectiveness of the program in preserving and rehabilitating the Commonwealth's historic structures and the impact these efforts have had on the stimulation of investment in this Commonwealth.  The results of the review shall be included in the annual report due October 1, 2025.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8707.1-H. Annual report to General Assembly - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-8707-1-h/

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