|Posted:||May 7, 2015 10:35 AM|
|From:||Representative Sid Michaels Kavulich|
|To:||All House members|
|Subject:||Made In Pennyslvania Manfacturing Tax Credit|
In the near future, I plan to introduce the Made in Pennsylvania Manufacturing Tax Credit as proposed by Governor Tom Wolf. This piece of legislation is part of the 2015-2016 budget, and would establish a tax credit for manufacturing employers in the Commonwealth.
Manufacturing is a pillar of Pennsylvania’s economy. According to the National Governor’s Association, it accounts for over 10 percent of total employment in the state. That makes manufacturing the third-largest sector in the Commonwealth.
To stay competitive internationally and save up to 2,500 jobs, the Manufacturing Tax Credit would be distributed to Pennsylvania manufacturers that increase their taxable payroll by at least $1 million over a four-quarter period. To qualify, the new jobs created must be full-time with health benefits and the average wage must be at least equal to the county average wage where the jobs are located. Additionally, the jobs created must be maintained for a period of five years and the company must maintain operations in Pennsylvania for five years.
Governor Wolf understands the role domestic businesses play in Pennsylvania’s economy and this tax credit aims to strengthen that relationship while encouraging job growth. Please join me in co-sponsoring this important legislation so we can grow Pennsylvania’s economy and create family sustaining jobs across the Commonwealth.
Please join me in co-sponsoring this important piece of legislation.
Introduced as HB1146