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PA HB1393
Bill
Status
5/5/2025
Primary Sponsor
Kristin Marcell
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AI Summary
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Establishes the Family and Medical Leave Tax Credit Program to provide Pennsylvania businesses a state tax credit equal to 100% of the federal family and medical leave tax credit (26 U.S.C. § 45S) they received for providing paid leave to Pennsylvania employees
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Caps the total aggregate tax credits at $100,000,000 per fiscal year, distributed on a first-come, first-served basis through the Department of Community and Economic Development
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Credits may be applied against personal income, corporate net income, capital stock/franchise, bank shares, insurance premiums, mutual thrift, and gross receipts taxes
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Tax credits cannot be carried forward, carried back, refunded, or transferred; they must be used in the taxable year the paid leave was granted
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Requires annual reporting on the number of applications denied due to the funding cap and the aggregate amount of credits not granted
Legislative Description
In tax credit and tax benefit administration, further providing for definitions; providing for paid family and medical leave tax credit; and establishing the Family and Medical Leave Tax Credit Program.
Last Action
Referred to Finance
5/5/2025