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Pennsylvania Law: Workers Will Pay Taxes To Their Employers

Posted: October 25, 2012

Pennsylvania Taxes

A new Pennsylvania law that has passed the state House and Senate will allow employers to keep part of the money their workers pay for income taxes.

Reported by Philadelphia’s City Paper the law is meant as a tax incentive that will lure software company Oracle to Pennsylvania. Officials hope other tech firms will follow suit and hire more workers in the state. Oracle is expected to bring with it 250 new jobs.

The plan would allow companies to keep 95% of workers’ withheld income taxes instead of sending that money off to the state treasury.

According to the  Philadelphia Inquirer the bill is meant to spur job creation. Opponents of the bill suggest that a general tax reduction for all businesses would make more sense.

Daniel Denvir mocks the bill and its “job creator” roots:

“Your taxes would get withheld by your boss like normal, but they would then keep them and spend it on private jets or monogrammed bathroom fixtures or whatever.”

Corporations will be capped at $5 million per year and the program is only set through 2018.

Governor Tom Corbett has not officially said he will sign the bill into law.

To quality for the income tax program companies will need to hire at least 250 full time employees, provide them with health insurance and pay more than the average wage currently offered to workers in Pennsylvania county.

Do you think this income tax rebate is a good idea for companies and the state of Pennsylvania or will it fall flat by 2018?



Comments


2 Archived Responses to “ Pennsylvania Law: Workers Will Pay Taxes To Their Employers ”

  1. Rekha Pandey
    Oct 25, 2012

    Milaha has teamed up with Evosys for its R12 Re-implementation on 11th October 2012. Evosys is re-implementing Oracle Financials, Oracle SCM and Oracle HRMS at Milaha to remove the pain areas of the current EBS Implementation. Milaha has chosen Evosys as we have an impeccable track record of 100% success and has done premium quality work for Milaha and many other large organizations globally.

    About Evosys: Evosys is a premium Oracle Partner providing consulting services for implementation and maintenance of Oracle Applications. We are a market-focused, process-centric organization that develops and delivers innovative solutions to our customers, consistently outshining other market players. We bring in agility for implementation of most Advanced, Automated and Integrated Enterprise Solutions. Through our culture, drive and domain expertise, we add value to a large global customer base. We are fully committed to deliver quality services and are proud of our outstanding success in delivering 100% successful projects for all our 50+ global customers. We believe in industry specialization and have strong references in implementation of end to end ERP solutions for verticals like Healthcare, Public Sector, Education, Construction, Shipping, Logistics, Manufacturing and Distribution.

    For any Oracle Service, Business Partnerships, Sales Referrals, Collaborations & Tie ups, Please contact business@evosys.co.in & we shall contact you immediately.

    Contact Business@evosys.co.in

  2. Rekha Pandey
    Nov 19, 2012

    Evosys has successfully implemented mobile based Oracle E-Business Suite (EBS) approval solution, acton, at Nawras, Oman on 7th November, 2012. The project kicked off on 20th May 2012 and went live on 22nd Sept 2012.

    About Evosys: Evosys is a premium Oracle Partner providing consulting services for implementation and maintenance of Oracle Applications. We are a market-focused, process-centric organization that develops and delivers innovative solutions to our customers, consistently outshining other market players. We bring in agility for implementation of most Advanced, Automated and Integrated Enterprise Solutions. Through our culture, drive and domain expertise, we add value to a large global customer base. We are fully committed to deliver quality services and are proud of our outstanding success in delivering 100% successful projects for all our 50+ global customers. We believe in industry specialization and have strong references in implementation of end to end ERP solutions for verticals like Healthcare, Public Sector, Education, Construction, Shipping, Logistics, Manufacturing and Distribution.

    For any Oracle Service, Business Partnerships, Sales Referrals, Collaborations & Tie ups, Please contact business@evosys.co.in & we shall contact you immediately.

    Contact Business@evosys.co.in