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; providing for Internship Tax Credit Program; and promulgating regulations.

Summary

The bill creates an Internship Tax Credit Program that lets eligible Pennsylvania businesses claim a credit against their state taxes for each qualified intern they hire. To qualify, the intern must be a Pennsylvania resident with at least 30 college credit hours and a 2.5 GPA, and the internship must be paid at minimum wage, last at least six weeks, and provide 20 hours per week. The program is limited to $2.5 million in credits per fiscal year and includes a waiting‑list system for businesses when credits run out.

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