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HB 2665

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in neighborhood improvement zones, further providing for Neighborhood Improvement Zone Funds and providing for Small Business Opportunity Program.

2025-2026 Regular Session Introduced by Maureen Madden and 1 co-sponsor

The bill would increase transparency of Neighborhood Improvement Zone funds and expand a Small Business Opportunity Program to boost contracting for small, local firms within NIZs.

Referred to Commerce
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WeVote Research Nonpartisan
Bill Summary · HB 2665

Overview

  • Bill: HB 2665
  • Session: 2025-2026 (Pennsylvania)
  • Jurisdiction: Pennsylvania Legislature
  • Short title: An Act amending the Tax Reform Code of 1971 in neighborhood improvement zones, further providing for Neighborhood Improvement Zone Funds and providing for Small Business Opportunity Program.
  • Prime sponsor: Rep. Ana Tiburcio (D, Dist. 22)
  • Co-sponsors: Rep. Michael Schlossberg (D, Dist. 132), Rep. Maureen Madden (D, Dist. 115)
  • Current status: Referred to the Committee on Commerce (June 24, 2026)

Note: The bill text itself is not included in the provided excerpt. The summary below is based on the bill’s title, memo, and typical content of related provisions.

Purpose and Intent

  • To amend the Tax Reform Code of 1971 with respect to Neighborhood Improvement Zones (NIZs).
  • To enhance transparency within NIZ operations.
  • To strengthen or expand supports for small businesses operating within NIZs.

Key Provisions (as indicated by title and memo)

  1. Neighborhood Improvement Zone Funds (NIZ Funds)

    • The bill would revise or clarify how funds allocated to Neighborhood Improvement Zones are collected, designated, tracked, and used.
    • Aims to improve transparency around funding streams, expenditures, and outcomes within NIZs.
    • Possible updates could include reporting requirements, public dashboards, or standardized accounting for NIZ revenues and disbursements.

  2. Small Business Opportunity Program

    • The bill would establish or expand a program designed to promote opportunities for small businesses within NIZs.
    • Likely components may include set-aside requirements, bidding preferences, or targeted contracting opportunities for small, locally owned firms.
    • Could include access to capital or technical assistance, supplier diversity components, or preference points in procurement processes.

Who Would Be Affected

  • Businesses within Neighborhood Improvement Zones
    • Particularly small businesses seeking opportunities created or enhanced by NIZ funding and programs.
  • NIZ Administrators and Local Authorities
    • Entities responsible for administering NIZ funds would face updated transparency and reporting requirements.
  • Tax Reform Code Stakeholders
    • The changes would operate within the Tax Reform Code framework, affecting how NIZ-related revenues and expenditures are governed.

Procedural and Timeline Aspects

  • The bill has been referred to the Committee on Commerce.
  • No further actions (as of the latest provided update) such as passage, amendments, or Senate referrals are listed.
  • If advanced, potential timeline steps include committee hearings, floor votes in the House, Senate referral, potential reconciliation, and gubernatorial action.

Potential Impacts to Watch

  • Increased transparency in NIZ funding could improve public oversight and accountability.
  • The Small Business Opportunity Program may expand contracting and procurement opportunities for small, local businesses within NIZs.
  • Possible cost and administrative implications for local governments and agencies managing NIZ funds.
  • Impact on development activity within NIZs through clarified funding flows and targeted small-business supports.

Notes for Further Review

  • Access to the full bill text would clarify specific provisions, such as:
    • Definitions of key terms (e.g., “Neighborhood Improvement Zone,” “NIZ Funds,” “Small Business Opportunity Program”).
    • Exact reporting metrics, frequency, and public availability of data.
    • Criteria for small-business eligibility and how preferential provisions would be implemented (e.g., thresholds, bidding rules, compliance requirements).
    • Any changes to how NIZ revenues are generated (tax, fees, incentives) and how funds are allocated between capital projects, workforce development, and incentives.
    • Sunset provisions or evaluation requirements to assess effectiveness.

Compiled from official sources — confirm details with the bill’s official record.

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