1. (a) Applicability. The special program priorities in this section are applicable to projects for the Fiscal Year 1997-98.

2. (b) Special program priority status. For the Fiscal Year 1997-98, special program priority status may be granted for projects that will provide employment opportunities for low-income residents of this Commonwealth, or enhance public facilities. If approved under this section, projects will receive tax credits equal to 30% of eligible project costs, up to the maximum amount approved by the Department. The Commonwealth will consider all 20% tax credit requests prior to consideration of 30% tax credit addendum requests for Fiscal Year 1997-98. To qualify for the 30% tax credit, projects shall submit an addendum that addresses the following requirements:

   1. (1) A demonstration that jobs will be created for low-income individuals as a result of the investment made through the Enterprise Zone Tax Credit Program. Project activities shall:

      1. (i) Create at least one job for low-income individuals for each $15,000 of private investment.
      2. (ii) Include coordination with a local private industry council, office of employment security or county assistance office to assure assistance in job placement of low-income individuals.
   2. (2) A demonstration that the project will include construction of or substantial repairs to a publicly owned facility, for example, streets, sidewalks or street lights.

Source

The provisions of this § 135.49a adopted March 4, 1988, effective March 5, 1988, 18 Pa.B. 937; amended June 8, 1990, effective upon publication and apply retroactively to July 1, 1988, 20 Pa.B. 3056; amended June 29, 1990, effective June 30, 1990, 20 Pa.B. 3592; amended January 25, 1991, effective immediately and apply retroactively to July 1, 1990, 21 Pa.B. 359; amended November 27, 1991, effective November 30, 1991, 21 Pa.B. 5510; amended May 8, 1992, effective May 9, 1992, 22 Pa.B. 2449; amended November 19, 1993, effective November 20, 1993, 23 Pa.B. 5528; amended July 7, 1995, effective July 8, 1995, 25 Pa.B. 2718; amended December 6, 1996, effective December 7, 1996, 26 Pa.B. 5886; amended January 3, 1997, effective January 4, 1997, 27 Pa.B. 18; amended October 2, 1998, effective October 3, 1998, 28 Pa.B. 4893. Immediately preceding text appears at serial pages (231069) to (231070).

Cross References

This section cited in 12 Pa. Code § 135.50 (relating to computation for the Enterprise Zone Tax Credit Program).