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Pennsylvania House of Representatives
10/31/2024 08:02 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?SPick=20170&chamber=H&cosponId=21502
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: December 20, 2016 10:30 AM
From: Representative Mike Turzai
To: All House members
Subject: The Keystone Energy Enhancement Act
 
In the near future, I will be re-introducing the Keystone Energy Enhancement Act (KEEA), a piece of legislation designed to create and retain family-sustaining jobs, facilitate economic growth, and encourage capital investment within Pennsylvania’s natural gas, manufacturing, and petrochemical industries.

Using pre-existing statutory framework, the KEEA would establish an instrumentality of the Commonwealth known as the Keystone Energy Authority (KEA). The KEA will be governed by a seven-member board of industry experts with clearly-defined powers and responsibilities. The legislation prescribes board composition and membership criteria, meeting schedules, policies and procedures, as well as duties of board members.

The preeminent responsibility of the KEA will be to administer the Keystone Energy Enhancement Zone (KEEZ) Program, which is modeled after the successful Keystone Opportunity Zones Program.

The KEA will authorize up to 20 Keystone Energy Enhancement Zones across all regions and corridors of the Commonwealth. Natural gas, manufacturing, petrochemical, and other downstream businesses operating within a zone will be eligible for state and local tax exemptions, deductions, abatements, and credits for a 10-year period beginning January 1, 2018. These businesses will also be eligible for a job creation tax credit of up to $1,250 for each full-time employment position created within the zone.

In addition to administering the KEEZ Program, the KEA will be responsible for:
  • Facilitating the proliferation of transmission and distribution pipelines for natural gas and natural gas liquids
  • Coordinating and expediting all necessary permit and regulatory reviews required by KEEZ business participants
  • Working cooperatively with industrial development agencies, local authorities, DCED, DEP, Revenue, the PUC, and other agencies of the Commonwealth
  • Identifying barriers to the expansion of natural gas transmission and distribution infrastructure and providing the Governor and General Assembly its legislative and regulatory policy recommendations

Please join me in co-sponsoring this important piece of pro-jobs, pro-growth legislation. If you have any questions, please do not hesitate to contact me.




Memo Updated: December 20, 2016 10:33 AM