FOR IMMEDIATE RELEASE
State Rep. Bryan Barbin
Barbin to introduce VeteransFirst Tax Credit
HARRISBURG, Nov. 18 – State Rep. Bryan Barbin, D-Cambria, is pleased to announce that he will introduce "VeteransFirst Tax Credit" legislation that would provide a $4,000 per year tax credit to businesses with less than 100 employees to hire unemployed veterans.
"When combined with Senator Bob Casey’s bill in the U.S. Senate, businesses would be provided with up to $13,600 in total state and federal tax credits for hiring Pennsylvania veterans. That's a good start for getting our true heroes back to work," Barbin said.
Barbin said the $4,000 per year state tax credit would be available for four years and would be funded by the surplus unused 2010-11 revenues. The tax credit would be provided against Pennsylvania personal and corporate taxes for each currently unemployed veteran hired.
The legislation specifies that the jobs for which the credit is available must pay a salary that is at least equal to the average annual wage in the county where the job is located, as posted on the Department of Labor and Industry’s publicly accessible website.
Barbin said the VeteransFirst Tax Credit is part of a package of jobs bills proposed by House Democrats called JumpstartPA.
· Fix and upgrade roads, bridges, and mass transit;
· Restore state funding for public schools to develop a more competitive workforce;
· Increase early childhood education subsidies to help reduce the burden of child care on working families;
· Protect unemployed workers from discrimination; and
· Establish incentives for Pennsylvania employers to create family-sustaining jobs.
More information about JumpstartPA is available at www.pahouse.com.