PA HB775

Creates two tax credits for Pennsylvania companies hiring "phoenix employees" - workers who have been out of the workforce for 2+ years or are hired into positions paying at least 50% more than their previous job, and who haven't been enrolled in education within the last 3 years

Phoenix employee tax credit equals twice the state personal income tax imposed on the employee, claimable for 3 consecutive years per hire, with per-company caps of $150,000 (year 1), $300,000 (year 2), and $450,000 (subsequent years)

Returnship tax credit provides $1,000 per completed paid internship designed to reintroduce phoenix employees to the workforce, capped at $100,000 per company annually, with $10 million available statewide each fiscal year

Establishes a separate phoenix employee tax credit for occupations of high demand, providing $1,000 annually for 3 years directly to qualifying employees working in shortage occupations identified by the Department of Revenue and Department of Labor and Industry

Companies must commit to retaining phoenix employees for 3 years and maintaining Pennsylvania operations for 5 years; failure to maintain operations requires full refund of credits, and knowingly submitting false documentation constitutes a third-degree felony