Pennsylvania HB2507 creates an Internship Tax Credit Program for small businesses.

Pennsylvania HB2507 amends the Tax Reform Code of 1971 to establish an Internship Tax Credit Program. This program allows qualified businesses to claim a tax credit for employing qualified interns. A qualified business is one that operates primarily in Pennsylvania, has been continuously operating for at least three years, and is a small business. A qualified intern is an individual who has completed at least 30 credit hours at an institution of higher education, is a Pennsylvania resident, and has a minimum 2.5 grade point average.

Pennsylvania HB2507 creates an Internship Tax Credit Program for small businesses.

Pennsylvania HB2507 amends the Tax Reform Code of 1971 to establish an Internship Tax Credit Program. This program allows qualified businesses to claim a tax credit for employing qualified interns. A qualified business is one that operates primarily in Pennsylvania, has been continuously operating for at least three years, and is a small business. A qualified intern is an individual who has completed at least 30 credit hours at an institution of higher education, is a Pennsylvania resident, and has a minimum 2.5 grade point average.