PRINTER'S NO. 1246
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
944
Session of
2021
INTRODUCED BY LAUGHLIN, SANTARSIERO AND GORDNER,
NOVEMBER 23, 2021
REFERRED TO FINANCE, NOVEMBER 23, 2021
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in tax credit for new jobs, further providing for
tax credits.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1804-B(a) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
to read:
Section 1804-B. Tax credits.
(a) Maximum amount.--[A]
(1) Except as provided under paragraph (2), a company
may claim a tax credit of $1,000 per new job created, or
$2,500 per each new job created if the newly created job is
filled by a veteran or an unemployed individual, up to the
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maximum job creation tax credit amount specified in the
commitment letter.
(2) A company may claim a tax credit of $1,500 per new
job created in a federally designated opportunity zone, or
$3,000 per each new job created in a federally designated
opportunity zone if the newly created job is filled by a
veteran or an unemployed individual, up to the maximum job
creation tax credit amount specified in the commitment
letter.
* * *
Section 2. The amendment of section 1804-B(a) of the act
shall apply to taxable years beginning after December 31, 2021.
Section 3. This act shall take effect immediately.
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