Pennsylvania House Bill HB1762

Pennsylvania 2023-2024 Regular Session

• Introduced: 10/16/23
• Refer: 10/16/23
• Refer: 3/20/24
• Report Pass: 3/25/24
• Engrossed: 3/25/24
• Refer: 4/4/24

Caption

Consolidating the act of August 9, 1955 (P.L.323, No.130), known as The County Code; and making repeals.

Impact

If enacted, HB1762 will have significant implications for how local governments can support economic development through tourism-related infrastructure. The bill's passage would enable counties to raise funds through taxes specifically designated for the construction and operation of convention centers. This may lead to increased tourism-related activities and economic benefits for local businesses. Moreover, the potential issuance of tax-exempt bonds will make financing these projects more accessible and attractive to investors and municipalities alike.

Summary

House Bill 1762 amends Title 16 of the Pennsylvania Consolidated Statutes concerning the establishment and management of convention center authorities. The bill aims to consolidate and enhance the frameworks available for the development, financing, and operation of convention centers, particularly in third-class counties. It proposes that counties may impose and collect taxes to fund such developments and further allows for the issuance of bonds related to these initiatives. The intent behind the legislation is to promote tourism, stimulate economic growth, and provide a framework for public-private partnerships in constructing and managing convention centers.

Sentiment

The sentiment surrounding HB1762 appears mixed. Proponents argue that the bill encourages economic development and strengthens local tourism sectors, which ultimately benefits communities and creates jobs. They view convention centers as vital to attracting national and regional events. However, critics raise concerns about the long-term financial implications of increased local taxes and the potential burden on taxpayers. There is also apprehension regarding the focus on large developments at the expense of smaller local projects that may also require funding and support.

Contention

A notable point of contention regarding HB1762 is the balance between promoting regional economic development and the fiscal responsibility of local governments. Opponents argue that imposing new taxes to fund convention centers could divert resources from other essential local services. The inclusion of tax exemptions for bonds issued by the new authorities raises additional questions about the potential loss of tax revenue for counties. Furthermore, the consolidation of authorities and the management of funds could lead to bureaucratic challenges and calls for greater accountability in how funds are allocated and utilized for these projects.