"Factory or mill complex." One or more factory or mill
buildings, located on the same or contiguous parcels of land,
each of which, at one time, had the same owner or owners.
"Municipality." A city, borough, incorporated town or
township.
"Qualified employee." A full-time employee of an eligible
business whose business activity originates and terminates from
within the eligible business and certified building on a daily
basis, who is employed by the eligible business at the end of
the calendar year and who is a resident of this Commonwealth.
"Qualified tax liability." Tax liability imposed on a
taxpayer under Article III, IV, VI, VII, VIII, IX, XI or XV,
excluding any tax withheld by an employer under Article III.
"Rehabilitation and reconstruction costs." As follows:
(1) Only those amounts incurred and paid by the
certified building owner, after issuance of the notice of
final designation of the building, solely and exclusively for
the rehabilitation of the certified building and which are
incurred and paid by the certified building owner to acquire
tangible personal property and structural components of the
certified building which:
(i) are depreciated under section 167 of the
Internal Revenue Code of 1986 (Public Law 99-514, 26
U.S.C. § 167);
(ii) have a useful life of three years or more as
evidenced by the tax depreciation method taken and shown
on the Federal tax return of the certified building
owner; and
(iii) are acquired by purchase as defined in section
179(d) of the Internal Revenue Code of 1986 (26 U.S.C. §
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