Pennsylvania HB334 amends tax credit definitions and establishes a tax credit for recently certified professionals.
Pennsylvania HB334 amends the Tax Reform Code of 1971 to redefine "tax credit" and introduce the Pennsylvania Individual Recruitment and Retention Tax Credit. This credit applies to individuals who become qualifying taxpayers after December 31, 2024, and before January 1, 2028. A qualifying taxpayer can be a resident individual who becomes a recently certified professional and obtains employment in Pennsylvania or an individual certified in another state who moves to Pennsylvania for employment.
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- Core Provisions
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- Legal Framework
- Critical Issues
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