Bill > SB367

This bill modifies the Tax Reform Code of 1971 by restructuring the board of directors for a contracting authority in a neighborhood improvement zone and updating confidentiality provisions. Specifically, the bill establishes a nine-member board of directors with specific appointment requirements: three members appointed by the city mayor (with staggered initial terms of three, four, and five years), and six members appointed by state representatives and senators from specific districts (each with initial terms of four or five years). Board members will serve five-year terms, cannot be current legislators or Commonwealth employees, will serve without compensation, and will be considered public officials. The bill also expands confidentiality provisions, allowing the contracting authority and local taxing authorities access to tax reports and certifications for qualified businesses in the neighborhood improvement zone, with strict limitations on how this information can be used. An independent auditing firm will be permitted to access tax information solely for audit purposes. The changes ensure continuity of existing contracts and obligations, and the bill will take effect 60 days after passage. The legislation appears to be focused on improving governance and transparency for a specific urban development initiative.

Budget and Finance, Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=367