Pennsylvania HB775 provides tax credits for companies hiring phoenix employees and offering returnships.
Pennsylvania HB775 introduces tax credits for companies that hire phoenix employees and offer returnships. A phoenix employee is defined as someone who has not been in an educational program for three years and meets specific criteria, such as being out of the workforce for two years or being hired into a position with a 50% salary increase. Companies can claim a phoenix employee tax credit equal to twice the state personal income tax imposed on the employee.
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