Legislation Quick Search
12/07/2021 11:35 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=22192
Share:
Home / House Co-Sponsorship Memoranda

House Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: January 17, 2017 11:45 AM
From: Representative Thomas P. Murt
To: All House members
Subject: Tax Credit for Equipment Donation to Vocational-Technical Schools in PA (Prior HB 666)
 
As you are all aware, Pennsylvania is home to many area vocations-technical institutes which provide thousands of high school aged students with valuable vocational knowledge and skills. As a result of the skills a student receives from a vocational-technical institute, they are better prepared for the future whether it be attending college or entering the workforce.

Unfortunately, the operating costs associated with vocational-technical institutes are high due to the need for specialized equipment for vocational fields. In order to assist vocational-technical institutes with these costs, I will be reintroducing legislation which will encourage the donation of relevant equipment.

If enacted, my legislation will provide businesses that choose to donate equipment to vocational-technical institutes located in Pennsylvania, with a tax credit. The tax credit will be equal to the value of the donated item, limit $10,000 per fiscal year. This credit may be applied toward personal income tax liabilities, corporate net income tax liabilities, and/or capital stock and foreign franchise tax liabilities. The total amount of tax credits available to businesses will not exceed $5 million.

My district is home to the Eastern Center for Arts and Technology, which is one of the preeminent area vocational-technical institutes in Pennsylvania. As a result of this, I’ve seen firsthand the positive impact the skills learned at an area vocational-technical institute can have on high school students. With this in mind, I encourage you to join me in my efforts to assist area vocational-technical institutes by encouraging the donation of much needed equipment.

Previous Cosponsors: V. BROWN, CALTAGIRONE, COHEN, DAVIS, GABLER, GIBBONS, GOODMAN, GRELL, HARKINS, LONGIETTI, McCARTER, MILLARD, MOUL, READSHAW, ROEBUCK and SCHLOSSBERG



Introduced as HB840