| |
|
| |
| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
| |
| HOUSE BILL |
|
| |
| |
| 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 |
| |
1 | Providing for a tax credit for certain employers who employ at |
2 | least five additional full-time employees during the tax |
3 | year. |
4 | The General Assembly of the Commonwealth of Pennsylvania |
5 | hereby enacts as follows: |
6 | Section 1. Short title. |
7 | This act shall be known and may be cited as the Exemption of |
8 | Tax on Employers of New or Laid-off Employees Act. |
9 | Section 2. Definitions. |
10 | The following words and phrases when used in this act shall |
11 | have the meanings given to them in this section unless the |
12 | context clearly indicates otherwise: |
13 | "Employer." Any of the following: |
14 | (1) A sole proprietor who, as of January 1 of a taxable |
15 | year, employed fewer than 51 full-time employees. |
16 | (2) An unincorporated association which, as of January 1 |
17 | of a taxable year, employed fewer than 51 full-time |
|
1 | employees. |
2 | (3) A corporation which, as of January 1 of a taxable |
3 | year, employed fewer than 51 full-time employees. |
4 | Section 3. Exemption. |
5 | (a) Qualification.--An employer that hires or rehires at |
6 | least five new or laid-off full-time employees during a taxable |
7 | year is exempt for that taxable year from payment of the tax |
8 | indicated in subsection (b). |
9 | (b) Taxes.-- |
10 | (1) If the employer is a sole proprietor, the employer |
11 | is exempt from payment of tax under Article III of the act of |
12 | March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of |
13 | 1971, on the employer's income from the business. |
14 | (2) If the employer is an unincorporated association, |
15 | the members of the association are exempt from payment of tax |
16 | under Article III of the Tax Reform Code of 1971 on their |
17 | income from the unincorporated association. |
18 | (3) If the employer is a corporation, the employer is |
19 | exempt from payment of corporate net income tax under Article |
20 | IV of the Tax Reform Code of 1971. |
21 | Section 4. Limitation. |
22 | The amount of tax exemption under this act shall not exceed |
23 | the amount of salary paid to the new or rehired full-time |
24 | employees during the tax year. |
25 | Section 5. Applicability. |
26 | This act shall apply to taxable years beginning on or after |
27 | January 1, 2009. |
28 | Section 6. Expiration. |
29 | This act shall expire in seven years. |
30 | Section 20. Effective date. |
|
1 | This act shall take effect in 60 days. |
|