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NAP, REAP, EEEP, VGP and KSDZ Tax Credit Reviews

IFO presentation of the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credit Reviews.

Tags: credit, eeep, ksdz, nap, reap, review, tax, vgp

NAP, REAP, EEEP, VGP and ksdz Tax Credit Reviews

IFO presentation of the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credit Reviews.

04/26/2021

TC_2021_Keystone_Special_Development_Zones.pdf

the public on the IFO website. This research brief contains the tax credit review for the Keystone Special Development Zone (KSDZ) Tax Credit. The IFO met with agency staff who administer the tax credit and reviewed relevant research related to economic fulfill the requirements contained in Act 48. 1 General Findings and Recommendations Enacted in 2011, the Keystone Special Development Zone (KSDZ) Tax Credit incentivizes for-profit firms to redevelop former industrial and commercial sites. An eligible KSDZ must be designated by

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PBB_Board_Hearing_Apr_26_2021.pdf

agricultural operations ▪ EEEP – increases economic activity in the live entertainment sector ▪ VGP – encourages expansion of the video game production industry ▪ KSDZ – redevelopment of former industrial sites Many positive outcomes cannot be easily measured ▪ Social impacts (i.e., positive externalities or spillovers viable ▪ Grant or refundable credit may provide needed capital for start-ups April 26, 2021 11 Keystone Special Development Zones (KSDZ) Incentivizes private investment in former industrial sites ▪ $2,100 per FTE employed in zone | July 1, 2012 - June 30, 2035

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Independent Fiscal Office

for the Department of Transportation and the Department of Human Services (Part 2). ... (Full Report) NAP, REAP, EEEP, VGP and KSDZ Tax Credit Reviews Tax Credit Review April 26, 2021 IFO presentation of the Neighborhood Assistance Program, Resource Enhancement and Protection

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