House Bill 1437 provides for an extension within the City Revitalization and Improvement Zones (CRIZ) program of the deadline for qualified businesses to file the required report from June 15, 2020, to August 31, 2020, in response COVID-19 and the ongoing disaster emergency, as well as authorizes additional uses of CRIZ State Tax monies by a contracting authority and makes revisions to the state’s Rural Jobs and Investment Tax Credit.
The PA House passed House Bill 732 which would offer tax credits to attract industries that use methane in the manufacture of petrochemicals or fertilizers. The Local Resource Manufacturing Tax Credit Program would provide a tax credit against 20 percent of annual tax liabilities to companies.
The credit would only be awarded once the initial 30-month construction phase of a project facility is complete with a $400 million investment and the creation of at least 800 prevailing wage construction jobs and permanent full-time jobs (with every effort made by the company to employ workers from the local labor market). In addition, the company is required to pay all taxes due during the multi-year construction phase of the facility, and the facility must utilize carbon capture and sequestration technology when economically able.
The House approved the measure 163-38 on Tuesday after substantial debate. Governor Tom Wolf is expected to sign it into law.
The City of Philadelphia has posted the final Fair Workweek Regulations for service, hospitality, and retail workers.
Employers should look to the regulations for additional guidance and clarification on the law. Included in the regulations are:
The final regulations state that the good faith estimates requirement for existing employees will not be in effect until July 1, 2020. However, good faith estimates should be provided to newly hired employees as defined by the law and regulations beginning with the April 1, 2020 effective date.
The full list of Regulations can be found Philadelphia Records website.
For a breakdown of what the Regulations mean for your business, check out this article from the Philadelphia Government’s website.
“Philadelphia City Council passed a bill in December that will ban retailers from providing customers with single-use plastic bags, ending a 12-year effort to enact the environmentally minded legislation.
Businesses affected include supermarkets, convenience stores, service stations, department stores, dollar stores, clothing stores, restaurants, food trucks, farmers’ markets, dry cleaners, and delivery services.” Learn more.