Bill Text: PA SB705 | 2011-2012 | Regular Session | Introduced

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Bill Title: In employment incentive payments, further providing for limitation on credits and for time limitations and report.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-02-25 - Referred to FINANCE [SB705 Detail]

Download: Pennsylvania-2011-SB705-Introduced.html

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PRINTER'S NO. 686
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 705 Session of2011
INTRODUCED BY PIPPY, FONTANA, RAFFERTY, PILEGGI, ARGALL, YUDICHAK, FERLO, LEACH, BRUBAKER, WAUGH, KASUNIC, BREWSTER, ALLOWAY, WOZNIAK AND BROWNE, FEBRUARY 25, 2011
REFERRED TO FINANCE, FEBRUARY 25, 2011
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 employment incentive payments, further
providing for limitation on credits and for time limitations
and report.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1705-A of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, added
December 15, 1999 (P.L.926, No.63), is amended to read:
Section 1705-A. Limitation on Credits.--The total amount of
employment incentive payments authorized by this article shall
not exceed twenty-five million dollars ($25,000,000) for fiscal
years through 2009-2010 and shall not exceed five million
dollars ($5,000,000) in any fiscal year thereafter, excluding
fiscal year 2010-2011. To [insure] ensure that credits are not
claimed in excess of this amount, a taxpayer may claim the
incentive payments only upon presentation of an authorizing
certificate. Certificates will be issued to the taxpayer by the
Department of Labor and Industry upon presentation to the
Department of Labor and Industry of evidence of a qualifying
offer of employment. If necessary to avoid certificate issuances
in excess of the maximum authorized amount for any fiscal year,
the department shall advise the Department of Labor and Industry
of the total number of certificates which may be issued in each
calendar quarter.
Section 2. Section 1706-A of the act, amended November 19,
2004 (P.L.873, No.116), is amended to read:
Section 1706-A. Time Limitations and Report.--Employment
incentive payments shall not be available for employees hired
after December 31, 2009, and before July 1, 2011, [unless
reenacted by the General Assembly]. Not later than July 1, 2004,
and [December 31, 2008] each December 31 thereafter, excluding
December 31, 2010, the Secretary of Public Welfare shall report
to the General Assembly on the effectiveness of incentive
payments to encourage the employment of general assistance and
temporary assistance to needy families recipients and recommend
whether the program should be continued. Credits may be claimed
against taxes payable for tax years beginning January 1, 2000,
and thereafter, and may be claimed for employees hired after
December 31, 1999.
Section 3. This act shall take effect immediately.
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