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Bill > HB1249


PA HB1249

PA HB1249
Providing for Pennsylvania Individual Recruitment and Retention Tax Credit.


summary

Introduced
05/24/2023
In Committee
06/30/2023
Crossed Over
06/20/2023
Passed
Dead
12/31/2024

Introduced Session

Potential new amendment
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," providing for Pennsylvania Individual Recruitment and Retention Tax Credit.

AI Summary

This bill amends the Tax Reform Code of 1971 to create the Pennsylvania Individual Recruitment and Retention Tax Credit. The credit allows resident individuals who become "recently certified professionals" (such as teachers, police officers, and healthcare workers) after December 31, 2022 and obtain employment in Pennsylvania to claim a tax credit of up to $2,500 against their state income tax liability for up to three years. The Department of Revenue is tasked with implementing and administering the tax credit program, which will be available for individuals who become qualifying taxpayers between January 1, 2023 and January 1, 2026, with the credit expiring on December 31, 2028.

Committee Categories

Budget and Finance

Sponsors (31)

Last Action

Referred to FINANCE (on 06/30/2023)

Bill Topics

Labor and Employment
  • ‐ Employment Training and Workforce Development
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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