Agency: Pennsylvania Community & Economic Development

Those eligible to apply are qualified taxpayers who increase their annual taxable payroll by $1,000,000 through the creation of new full-time jobs. Qualified taxpayers must be subject to the Personal Income Tax (excluding employer withholding), Corporate Net Income Tax, Capital Stock/Foreign Franchise Tax, Bank Shares Tax, Title Insurance Companies Shares Tax, Insurance Premiums Tax, Gross Receipts Tax, and Mutual Thrift Institutions Tax.<br /><br />A Taxpayer which is increasing its annual taxable payroll in Year One by at least $1,000,000 above the amount in the base year solely through the creation of new full-time jobs is eligible to apply to the Department for a Manufacturing Tax Credit. The Taxpayer must also agree to retain the new jobs and the increase in payroll for at least five years from the Start Date. See program guidelines.

Application Opens: June 30, 2024