Pennsylvania HB288 amends the Tax Reform Code of 1971 to establish construction tax credit requirements.
Pennsylvania HB288 amends the Tax Reform Code of 1971 by adding a new article that establishes construction tax credit requirements. The bill requires taxpayers to make good faith efforts to recruit and employ workers from the local labor market for construction, reconstruction, demolition, alteration, or repair projects. It also mandates that the Department of Labor and Industry verify compliance with the Pennsylvania Prevailing Wage Act. If a violation is found, the taxpayer must refund 10% of the construction tax credit. The act takes effect in 60 days.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.