Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 8720-D - Report to General Assembly(a)General rule.--No later than June 1, 2008, 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 credit provided by this subarticle. The report shall include the name of the film produced, the names of all taxpayers utilizing the credit as of the date of the report and the amount of credits approved for, utilized by or sold or assigned by each taxpayer. The report may also include any recommendations for changes in the calculation or administration of the tax credit. The report shall be submitted to the chairman and minority chairman of the Appropriations and Finance Committees of the Senate and the chairman and minority chairman of the Appropriations and Finance Committees of the House of Representatives. In addition to the information set forth above, the report shall include the following information, which shall be separated by geographic location within this Commonwealth:(1) The amount of credits claimed during the fiscal year by film.(2) The total amount spent in this Commonwealth during the fiscal year by film.(3) The total amount of tax revenues generated by this Commonwealth during the fiscal year by film.(4) The total number of jobs created during the fiscal year by film, including the duration of the jobs.(b)Public information.--Notwithstanding any law providing for the confidentiality of tax records, the information in the report shall be public information, and all report information shall be posted on the department's Internet website.Added by P.L. TBD 2016 No. 84, § 29, eff. 7/13/2016.