|Posted:||January 10, 2020 02:16 PM|
|From:||Representative Wendy Ullman|
|To:||All House members|
|Subject:||Protecting PA Tax Credits from Fraud and Abuse|
|Right now, two of Pennsylvania’s tax credit programs are vulnerable to widespread fraud and abuse.
This is evidenced by the grand jury report released in December 2019 which highlighted a deceitful couple who created 20 fake companies to cheat the state’s Keystone Innovation Zone and Research & Development tax credit programs. These crooks gained nearly $11 million in tax credits which they later resold for over $6 million dollars.
Not only did this foul play hurt law-abiding business owners in our state, but it also harmed the people of Pennsylvania in the process. Jobs, businesses, community, and development all suffered.
Knowing that these bad actors started their scam in Bucks County, I feel a strong responsibility to introduce the grand jury’s recommendations which include the following: