Bill > HB334

This bill creates a new tax credit program called the Pennsylvania Individual Recruitment and Retention Tax Credit, designed to attract and retain professionals in key fields such as education, law enforcement, healthcare, and municipal services. The tax credit allows qualifying taxpayers who become recently certified professionals after December 31, 2024, to claim up to $2,500 against their state tax liability for wages earned in their certified field. Eligible professionals include teachers with specific certifications, police officers, state police academy graduates, sheriffs' deputies, and various healthcare professionals like nurses. To qualify, an individual must either become a recently certified professional in Pennsylvania or move to Pennsylvania after being certified in another state, and must work in their certified field. The tax credit can be claimed for the year the individual first qualifies and the two subsequent years, but only if they remain employed in their certified profession. The program is limited to individuals who become qualifying taxpayers between January 1, 2025, and December 31, 2027, and the entire program will expire on December 31, 2030. Taxpayers cannot transfer, sell, or carry over the tax credit, and the Department of Revenue will be responsible for publishing guidelines and regulations for the program's implementation.