Bill > SB985

This bill provides for a Pennsylvania National Guard employer tax credit. It allows taxpayers subject to state income tax to claim a tax credit of up to $1,000 for each full-time employee who is an active member of the Pennsylvania National Guard, enlists in the Pennsylvania National Guard, or reenlists in the Pennsylvania National Guard. The credit can be carried forward for up to three years, but cannot be carried back or refunded. The total amount of credits authorized is capped at $5 million per fiscal year, to be allocated on a pro-rata basis if the cap is exceeded. The Department of Revenue is tasked with preparing forms and adopting regulations to administer the credit, which will apply to tax years beginning after December 31, 2023.