SB 235 — 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.

PRINTER'S NO.   241

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                        SENATE BILL
                        No. 235
                                                Session of
                                                  2025

     INTRODUCED BY ARGALL, LAUGHLIN, PENNYCUICK AND DUSH,
        FEBRUARY 26, 2025

     REFERRED TO COMMUNITY, ECONOMIC AND RECREATIONAL DEVELOPMENT,
        FEBRUARY 26, 2025


                                     AN ACT
 1   Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
 2      act relating to tax reform and State taxation by codifying
 3      and enumerating certain subjects of taxation and imposing
 4      taxes thereon; providing procedures for the payment,
 5      collection, administration and enforcement thereof; providing
 6      for tax credits in certain cases; conferring powers and
 7      imposing duties upon the Department of Revenue, certain
 8      employers, fiduciaries, individuals, persons, corporations
 9      and other entities; prescribing crimes, offenses and
10      penalties," in city revitalization and improvement zones,
11      further providing for approval.
12      The General Assembly of the Commonwealth of Pennsylvania
13   hereby enacts as follows:
14      Section 1.     Section 1804-C of the act of March 4, 1971
15   (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
16   by adding a subsection to read:
17   Section 1804-C.    Approval.
18      * * *
19      (c.3)   Approval schedule.--Beginning in 2026, the Department
20   of Community and Economic Development shall approve applications
21   for two additional zones each calendar year.
22      * * *
1     Section 2.    This act shall take effect in 60 days.




20250SB0235PN0241                 - 2 -