§ 135.50a. Documentation of investments.
(a) Upon completion of the project or at the end of the fiscal year in which a tax credit is being sought, the private company shall submit to the Department documentation which verifies that the planned investment has been made. A financial audit of the project and a final report of the activities related to implementation of the plan shall be submitted.
(b) Documentation can only be submitted for those investments that were included in the approved plan. Documentation of the investment may include, but is not limited to, the following:
(1) Cash contributions to an approved neighborhood organization. Cash contributions may be evidenced by a photocopy of the cancelled check. Checks shall be made payable to the neighborhood organization and noted specifically for that project.
(2) Purchase of materials, fixtures and equipment. The purchase of materials, fixtures and equipment shall be demonstrated by a copy of invoices paid by the private company and signed by the receiver of the goods. The invoice shall be identified and associated with the approved project.
(3) Employe wages and salaries. Employe wages and salaries documentation shall include the name, address, social security number, hourly rate and number of hours assigned to this project.
(4) Technical services. Costs of engineering or architectural design, legal services, land clearance or similar services shall be documented by the fee for the service as shown on the provider’s invoice, signed by the private company.
Source The provisions of this § 135.50a adopted March 4, 1988, effective March 5, 1988, 18 Pa.B. 937.
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