PRINTER'S NO. 1030
No. 920 Session of 2001
INTRODUCED BY ORIE, S. H. SMITH, CAPPELLI, ARMSTRONG, ALLEN,
READSHAW, GEIST, CALTAGIRONE, DALEY, FAIRCHILD, CAWLEY,
DeWEESE, STABACK, LAUGHLIN, STRITTMATTER, WOJNAROSKI,
M. BAKER, YUDICHAK, McILHATTAN, MICOZZIE, BARD, JAMES,
HUTCHINSON, WANSACZ, SURRA, FRANKEL, MANN, PRESTON, FLICK,
HORSEY, WATERS, M. COHEN, CIVERA, C. WILLIAMS, SAMUELSON,
DeLUCA, SHANER, SATHER, L. I. COHEN, MELIO, COLAFELLA, BROWNE
AND FREEMAN, MARCH 12, 2001
REFERRED TO COMMITTEE ON FINANCE, MARCH 12, 2001
AN ACT
1 Providing for a job training and enhancement tax credit; and
2 conferring powers and duties on the Department of Revenue.
3 The General Assembly of the Commonwealth of Pennsylvania
4 hereby enacts as follows:
5 Section 1. Short title.
6 This act shall be known and may be cited as the Job Training
7 and Enhancement Tax Credit Act.
8 Section 2. Purpose.
9 The purpose of this act is to provide a tax credit to
10 business firms that apply and qualify for a grant under the act
11 of December 20, 1985 (P.L.492, No.116), known as the Customized
12 Job Training Act, but are not awarded a grant due to
13 unavailability of funds.
14 Section 3. Definitions.
15 The following words and phrases when used in this act shall
1 have the meanings given to them in this section unless the
2 context clearly indicates otherwise:
3 "Business firm." A business entity authorized to do business
4 in this Commonwealth and subject to taxes imposed by Article IV,
5 VI, VII, VIII, IX or XV of the act of March 4, 1971 (P.L.6,
6 No.2), known as the Tax Reform Code of 1971.
7 "Customized Job Training Act." The act of December 20, 1985
8 (P.L.492, No.116), known as the Customized Job Training Act.
9 "Department." The Department of Community and Economic
10 Development of the Commonwealth.
11 "Qualifying expenses." Expenses that are deemed eligible
12 costs under the act of December 20, 1985 (P.L.492, No.116),
13 known as the Customized Job Training Act.
14 "Tax credit." The job training and enhancement tax credit
15 under this act.
16 Section 4. Job training and enhancement tax credit.
17 (a) General rule.--A business firm is eligible for a job
18 training and enhancement tax credit if the business firm:
19 (1) Is engaged in a for-profit business enterprise
20 within this Commonwealth.
21 (2) Has applied and qualified for a grant under the
22 Customized Job Training Act.
23 (3) Has not been awarded a grant under the Customized
24 Job Training Act due to insufficient funding of the grant
25 program.
26 (b) Calculation of credit.--The tax credit amount shall be
27 equal to the amount of eligible costs under the Customized Job
28 Training Act that the business firm is qualified to receive in
29 the form of a grant under that act.
30 (c) Application of credit.--A business firm which qualifies
20010H0920B1030 - 2 -
1 for the tax credit may apply the credit against any tax due
2 under Article IV, VI, VIII, IX or XV of the act of March 4, 1971
3 (P.L.6, No.2), known as the Tax Reform Code of 1971.
4 Section 5. Duties of Department of Revenue.
5 (a) Duties enumerated.--The Department of Revenue shall:
6 (1) In the manner provided by law, promulgate the
7 regulations necessary to implement section 4.
8 (2) Publish as a notice in the Pennsylvania Bulletin
9 forms upon which taxpayers may apply for the tax credit
10 authorized by this act.
11 (3) Within five months after the close of any calendar
12 year during which a tax credit granted pursuant to this act
13 was used, furnish to the members of the General Assembly an
14 annual report providing as to each business firm which used a
15 tax credit during the preceding calendar year pursuant to
16 this act, the employer's name, address, standard industrial
17 classification code and the amount of tax credit granted.
18 (b) Certain provisions not to apply.--The provisions of
19 section 408(b) of the act of March 4, 1971 (P.L.6, No.2), known
20 as the Tax Reform Code of 1971, relating to confidentiality of
21 information, and any other provisions of law preventing the
22 disclosure of information required under subsection (a)(3),
23 shall not apply when the information is divulged for the purpose
24 of subsection (a)(3).
25 Section 6. Applicability.
26 This act shall apply to tax years beginning after December
27 31, 2000.
28 Section 7. Effective date.
29 This act shall take effect immediately.
B12L72BIL/20010H0920B1030 - 3 -