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Bill

HB 334

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions; and providing for Pennsylvania Individual Recruitment and Retention Tax Credit.

2025-2026 Regular Session Introduced by Danilo Burgos and 21 co-sponsors

Pennsylvania proposes new tax credit to incentivize recruiting and retaining workers, modifying tax code definitions and administration procedures.

Referred to Finance
0
WeVote Research Nonpartisan
Bill Summary · HB 334

Legislative bill overview

HB 334 amends Pennsylvania's Tax Reform Code of 1971 to create a new "Pennsylvania Individual Recruitment and Retention Tax Credit." The bill modifies definitions related to tax credits and benefits administration while establishing this new credit mechanism, though the specific details of the credit's structure, eligibility requirements, and financial scope are not detailed in the bill's short title.

Why is this important

Tax credits directly affect state revenue and business competitiveness. A recruitment and retention credit could influence where businesses locate operations and whether employees stay in Pennsylvania, potentially impacting job markets and economic development. The fiscal impact depends heavily on the credit's generosity, which will be clarified as the bill progresses through the Finance Committee.

Potential points of contention

  • Fiscal cost unclear: Without seeing the full bill text, the revenue impact is unknown—it could range from minimal to substantial depending on credit size and eligibility
  • Business incentive fairness: Questions about whether such credits disproportionately benefit certain industries or company sizes, and whether they represent effective economic development spending
  • Administrative complexity: New tax credit administration requires clear definitions and enforcement mechanisms to prevent fraud and ensure proper implementation

Compiled from official sources — confirm details with the bill’s official record.

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