Members of the Pennsylvania Senate held a roundtable discussion on proposed legislation that would establish a waterfront development tax credit program in Pennsylvania. Don Rooney has the story:
The bill would also include creekfronts. Anita Dolan of the Office of Economic and Community Development tells WESB some of the Tuna Creek area is already in the Enterprise Zone, so there are some credits available now, but OECD will definitely keep people updated on the bill.
The proposed Waterfront Development Tax Credit would be capped at $10 million annually and would be available to individuals or businesses that contribute to non-profit waterfront improvement organizations. The tax credits would support specific waterfront development projects, such as:
- streets and public rights-of-way;
- waterfront parks, gardens and open spaces;
- access to public utilities, erosion control, storm water management and other environmental projects which promote economic development;
- water transportation facilities for use by the public, including water transit landings and boat docking;
- amenities including infrastructure and recreational projects.
You can find more information here: http://www.legis.state.pa.us/cfdocs/billInfo/billInfo.cfm?sYear=2015&sInd=0&body=S&type=B&bn=0282