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§ 8801-B. Definitions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 13, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article XVIII-B. Tax Credit for New Jobs (Refs & Annos)
Effective: July 13, 2016
72 P.S. § 8801-B
§ 8801-B. Definitions
Currentness
The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:
“Base period.” The three years preceding the date on which a company may begin creating new jobs which may be eligible for job creation tax credits.
“Department.” The Department of Community and Economic Development of the Commonwealth.
“Job creation tax credits.” Tax credits for which the department has issued a certificate under this article.
“New job.” A full-time job, the average hourly rate, excluding benefits, for which must be at least 150% of the Federal minimum wage, created within a municipality located in this Commonwealth by a company within three years from the start date.
“Small business.” A company that is engaged in a for-profit enterprise and that employs 100 or fewer individuals.
“Start date.” The date on which a company may begin creating new jobs which may be eligible for job creation tax credits.
“Unemployed individual.” An individual who at the time of hiring meets all of the following:
(1) Is hired on or after July 1, 2012.
(2) Certifies by signed affidavit, under penalty of perjury, that the individual has not been employed during the 60-day period ending on the date the individual begins employment.
(3) Is not employed by the company to replace another employee of the company unless the other employee separated from employment voluntarily or for cause.
(4) Will perform duties connected to the new job for at least 52 consecutive weeks.
“Veteran.” An individual who served on active duty in the United States Armed Forces, including any of the following:
(1) A reservist or member of the National Guard who was discharged or released from the service under honorable conditions.
(2) A reservist or member of the National Guard who completed an initial term of enlistment or qualifying period of service.
(3) A reservist or member of the National Guard who was disabled in the line of duty during training.
“Year one.” A one-year period immediately following the start date.
“Year three.” A one-year period immediately following the end of year two.
“Year two.” A one-year period immediately following the end of year one.

Credits

1971, March 4, P.L. 6, No. 2, art. XVIII-B, § 1801-B, added 2001, June 22, P.L. 353, No. 23, § 22, effective July 1, 2001. Amended 2012, July 2, P.L. 751, No. 85, § 19.1, imd. effective; 2016, July 13, P.L. 526, No. 84, § 33.1, imd. effective.
72 P.S. § 8801-B, PA ST 72 P.S. § 8801-B
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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