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Current as of January 01, 2026 | Updated by Findlaw Staff
(a) Report.--
(1) No later than the year after which tax credits are first awarded under this subarticle, and each October 1 thereafter, the department shall submit a report to the General Assembly summarizing the effectiveness of the tax credit. The report shall include the names of all qualified taxpayers utilizing the tax credit as of the date of the report and the amount of tax credits approved for, utilized by or sold or assigned by each qualified taxpayer. The report shall be submitted to the following:
(i) The chair and minority chair of the Agriculture and Rural Affairs Committee of the Senate.
(ii) The chair and minority chair of the Agriculture and Rural Affairs Committee of the House of Representatives.
(iii) The chair and minority chair of the Finance Committee of the Senate.
(iv) The chair and minority chair of the Finance Committee of the House of Representatives.
(2) In addition to the information required under paragraph (1), the report shall include the following information in a manner that is separated by geographic location within this Commonwealth:
(i) The amount of tax credits claimed by qualified taxpayers during the fiscal year.
(ii) The total number of new jobs and permanent jobs created by qualified taxpayers during the fiscal year, including the duration of the jobs.
(b) Public information.--Notwithstanding any law providing for the confidentiality of tax records, the information in the report under subsection (a) shall be public information, and all report information shall be posted on the department's publicly accessible Internet website.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8741-L. Report to General Assembly - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-8741-l/
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