Bill Text: PA HB1673 | 2009-2010 | Regular Session | Introduced


Bill Title: Providing for a tax credit for certain employers who employ at least five additional full-time employees during the tax year.

Spectrum: Slight Partisan Bill (Democrat 14-6)

Status: (Introduced - Dead) 2009-06-12 - Referred to FINANCE [HB1673 Detail]

Download: Pennsylvania-2009-HB1673-Introduced.html

  

 

    

PRINTER'S NO.  2114

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

HOUSE BILL

 

No.

1673

Session of

2009

  

  

INTRODUCED BY CASORIO, CALTAGIRONE, BELFANTI, BEYER, BOYD, BRENNAN, CREIGHTON, DALEY, FREEMAN, GIBBONS, HARKINS, HORNAMAN, KIRKLAND, LONGIETTI, MURT, SIPTROTH, J. TAYLOR, VULAKOVICH, WATERS AND YOUNGBLOOD, JUNE 12, 2009

  

  

REFERRED TO COMMITTEE ON FINANCE, JUNE 12, 2009  

  

  

  

AN ACT

  

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Providing for a tax credit for certain employers who employ at

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least five additional full-time employees during the tax

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year.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  Short title.

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This act shall be known and may be cited as the Exemption of

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Tax on Employers of New or Laid-off Employees Act.

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Section 2.  Definitions.

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The following words and phrases when used in this act shall

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have the meanings given to them in this section unless the

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context clearly indicates otherwise:

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"Employer."  Any of the following:

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(1)  A sole proprietor who, as of January 1 of a taxable

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year, employed fewer than 51 full-time employees.

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(2)  An unincorporated association which, as of January 1

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of a taxable year, employed fewer than 51 full-time

 


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employees.

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(3)  A corporation which, as of January 1 of a taxable

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year, employed fewer than 51 full-time employees.

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Section 3.  Exemption.

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(a)  Qualification.--An employer that hires or rehires at

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least five new or laid-off full-time employees during a taxable

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year is exempt for that taxable year from payment of the tax

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indicated in subsection (b).

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(b)  Taxes.--

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(1)  If the employer is a sole proprietor, the employer

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is exempt from payment of tax under Article III of the act of

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March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of

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1971, on the employer's income from the business.

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(2)  If the employer is an unincorporated association,

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the members of the association are exempt from payment of tax

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under Article III of the Tax Reform Code of 1971 on their

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income from the unincorporated association.

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(3)  If the employer is a corporation, the employer is

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exempt from payment of corporate net income tax under Article

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IV of the Tax Reform Code of 1971.

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Section 4.  Limitation.

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The amount of tax exemption under this act shall not exceed

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the amount of salary paid to the new or rehired full-time

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employees during the tax year.

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Section 5.  Applicability.

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This act shall apply to taxable years beginning on or after

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January 1, 2009.

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Section 6.  Expiration.

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This act shall expire in seven years.

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Section 20.  Effective date.

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This act shall take effect in 60 days.

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