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Job Creation Credit Program

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The Job Creation Tax Credit Program (JCTC) provides tax credits to eligible businesses that create 25 or more full-time jobs or increase employment by 20% within three years from the start date. A minimum of 25% of all tax credits awarded each fiscal year will be allocated to businesses that have 100 or fewer employees.

Any business is eligible to apply if they can demonstrate the following: the ability to create the number of jobs specified in the JCTC application; its leadership in the application, development or deployment of leading technologies; financial stability; the projects financial viability; and that the decision to expand or locate in the Commonwealth was due in part to the availability of Job Creation Tax Credits. A business may apply the tax credit to 100% of the business state corporate net income tax, capital stock and franchise tax or the capital stock and franchise tax of a shareholder of the business if the business is a Pennsylvania S corporation, gross premiums tax, gross receipts tax, bank and trust business shares tax, mutual thrift institution tax, title insurance business shares tax, personal income tax or the personal income tax of shareholders of a Pennsylvania S corporation, or any combination thereof. A $1,000 per-job tax credit will be given for jobs created within three years from the determined start date. To be counted as new full-time employees under the JCTC Program, new employees must earn an average hourly wage rate of at least 150% of the federal minimum wage, excluding benefits. The business also must agree to maintain operations at the project site where the jobs will be created for a period of five years from the start date.

Contact

Tom Ehrensberger, Governor’s Action Team
100 State Street, Suite 202 Erie, PA 16507
Phone: (814) 871-4769
Email: tehrensber@state.pa.us

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