Key Votes
HB 2626 - Authorizes Employers to Keep Income Taxes Paid by their Employees - Key Vote
Pennsylvania Key Votes
Dave Reed voted Yea (Concurrence Vote) on this legislation.
Read recent statements Dave Reed made in this general time period.
Stages
- Oct. 25, 2012 Executive Signed
- Oct. 17, 2012 House Concurrence Vote Passed
- Oct. 17, 2012 Senate Bill Passed
- Oct. 15, 2012 House Bill Passed
- Sept. 5, 2012 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - Oct. 25, 2012
Title: Authorizes Employers to Keep Income Taxes Paid by their Employees
Legislation - Concurrence Vote Passed (House) (111-80) - Oct. 17, 2012 (Key vote)
Title: Authorizes Employers to Keep Income Taxes Paid by their Employees
Vote to concur with Senate amendments and pass a bill that authorizes qualified companies to retain 95 percent of employees' income taxes.
Legislation - Bill Passed (Senate) (33-16) - Oct. 17, 2012 (Key vote)
Title: Authorizes Employers to Keep Income Taxes Paid by their Employees
Vote to pass a bill that authorizes qualified companies to retain 95 percent of employees' income taxes.
- Authorizes a qualified company to retain 95 percent of a new employee’s income tax once the company enters into an agreement with the Department of Revenue (Secs. 301, 302 & 304).
- Defines a “qualified company” as one that meets certain criteria, including but not limited to, the following (Sec. 103):
- It is a for-profit corporation, partnership, or other entity;
- It agrees to create at least 250 new jobs in Pennsylvania within a specified period of time; and
- It provides health insurance coverage to full-time employees and pays at least 50 percent of the health insurance premium.
- Specifies that the qualified company can retain 95 percent of a new employee’s income tax for the following time periods (Sec. 302):
- 7 years if new employees are compensated at 100 percent of the county average wage;
- 8 years if new employees are compensated at 110 percent of the county average wage;
- 9 years if new employees are compensated at 120 percent of the county average wage; and
- 10 years if new employees are compensated at 140 percent of the county average wage.
- Requires a qualified company to create 100 new jobs within 2 years of entering into the agreement with the Department of Revenue (Sec. 301).
- Limits the annual aggregate amount of new employees’ income taxes that a qualified company can retain to no more than $5 million (Sec. 313).
- Prohibits the Department of Revenue from entering into an agreement authorizing a qualified company to retain new employee income taxes with a qualified company after January 1, 2018 (Sec. 314).
Legislation - Bill Passed (House) (142-55) - Oct. 15, 2012
Legislation - Introduced (House) - Sept. 5, 2012
Title: Authorizes Employers to Keep Income Taxes Paid by their Employees
Sponsors
Co-sponsors
- Ryan P. Aument (PA - R)
- Lisa Baker (PA - R)
- Karen Boback (PA - R)
- Matthew D. Bradford (PA - D)
- Thomas R. Caltagirone (PA - D)
- Bryan Cutler (PA - R)
- Gordon R. Denlinger (PA - R)
- Florindo J. 'Flo' Fabrizio (PA - D)
- Michael E. 'Mike' Fleck (PA - R)
- Matt Gabler (PA - R)
- Mark M. Gillen (PA - R)
- Mauree A. Gingrich (PA - R)
- Robert W. 'Bob' Godshall (PA - R)
- Seth M. Grove (PA - R)
- Susan C. 'Sue' Helm (PA - R)
- Timothy F. 'Tim' Hennessey (PA - R)
- David S. Hickernell (PA - R)
- Warren E. Kampf (PA - R)
- William C. 'Bill' Kortz II (PA - D)
- Nicholas A. 'Nick' Micozzie (PA - R)
- Ronald E. 'Ron' Miller (PA - R)
- Duane Milne (PA - R)
- Marguerite Quinn (PA - R)
- Todd A. Rock (PA - R)
- Stanley E. 'Stan' Saylor (PA - R)
- Mario M. Scavello (PA - R)
- RoseMarie Swanger (PA - R)
- Will F. Tallman (PA - R)
- Katharine M. 'Kathy' Watson (PA - R)
