Bill

Bill > HB1165


PA HB1165

PA HB1165
Establishing the Active Volunteer First Responder Education Tax Credit Program.


summary

Introduced
05/18/2023
In Committee
05/18/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An act relating to tax reform and State taxation by codifying and enumerating certain subjects of taxation and imposing taxes thereon; providing procedures for the payment, collection, administration and enforcement thereof; providing for tax credits in certain cases; conferring powers and imposing duties upon the Department of Revenue, certain employers, fiduciaries, individuals, persons, corporations and other entities; prescribing crimes, offenses and penalties," establishing the Active Volunteer First Responder Education Tax Credit Program.

AI Summary

This bill establishes the Active Volunteer First Responder Education Tax Credit Program. The program provides tax credits to business firms that contribute to eligible organizations, which are approved institutions of higher learning, to award scholarships of up to $5,000 per year to eligible students who are active volunteer first responders in Pennsylvania. The bill defines key terms, sets requirements for eligible students and business firms, and limits the total aggregate amount of tax credits to $10 million per fiscal year. The tax credit program is available for seven fiscal years after the effective date of the bill.

Committee Categories

Military Affairs and Security

Sponsors (32)

Last Action

Referred to VETERANS AFFAIRS AND EMERGENCY PREPAREDNESS (on 05/18/2023)

Bill Topics

Education
  • ‐ Higher Education
Law, Crime, and Family Issues
  • ‐ Police, Fire, and Law Enforcement
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

Loading...

bill summary

Loading...
Loading...