HARRISBURG, Pa. (WHTM) -
In an effort to attract out-of-state employers to the state, a Republican lawmaker has proposed giving a tax break to certain companies that relocate to Pennsylvania.
"Most of us are all too familiar with the word 'outsourcing,'" said Representative Kerry Benninghoff (R-Centre/Mifflin) in a press release. "This bill is about 'in-sourcing' and bringing new jobs to Pennsylvania."
Benninghoff's bill would provide a state tax incentive to certain companies that relocate provided they meet certain guidelines concerning the number of jobs that
would need to be created, the level of wages that would need to be paid
to workers and the quality of health care and other benefits. Qualifying employers would keep 95 percent of the state personal income tax revenue that they withhold on behalf of their employees; the other five percent would go to the Commonwealth.
The bill is currently in the House Finance Committee, which Benninghoff chairs.
Benninghoff said getting even a five percent tax from the new companies would be better than the nothing, which is what the state is currently getting.
"This bill would allow employers to keep, spend and invest more of their own money in our communities," he said.
