This bill amends the Tax Reform Code of 1971, specifically Section 1908-B, to enhance the confidentiality provisions related to neighborhood improvement zones. It allows the contracting authority and local taxing authorities access to reports and certifications filed by qualified businesses within these zones. Notably, the bill includes new language that permits access to taxpayer identification numbers and other state or local tax information for the purpose of documenting certifications and determining allocated amounts for specified uses.

Additionally, the bill stipulates that independent auditing firms hired under section 1904-B(h) will also have access to the same tax information, including taxpayer identification numbers, solely for the purpose of conducting required audits. The bill emphasizes that any other use of this tax information is strictly prohibited, reinforcing the confidentiality of tax records while allowing necessary oversight for compliance and auditing purposes. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 315 (Mar 06, 2025): P.L.6, No.2
Printer's No. 748 (May 05, 2025): P.L.6, No.2, P.L.6, NO.2
Printer's No. 0315: P.L.6, No.2