Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8801-B. Definitions

The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Base period.”  The three years preceding the date on which a company may begin creating new jobs which may be eligible for job creation tax credits.

“Department.”  The Department of Community and Economic Development of the Commonwealth.

“Job creation tax credits.”  Tax credits for which the department has issued a certificate under this article.

“New job.”  A full-time job, the average hourly rate, excluding benefits, for which must be at least 150% of the Federal minimum wage, created within a municipality located in this Commonwealth by a company within three years from the start date.

“Small business.”  A company that is engaged in a for-profit enterprise and that employs 100 or fewer individuals.

“Start date.”  The date on which a company may begin creating new jobs which may be eligible for job creation tax credits.

“Unemployed individual.”  An individual who at the time of hiring meets all of the following:

“Veteran.”  An individual who served on active duty in the United States Armed Forces, including any of the following:

“Year one.”  A one-year period immediately following the start date.

“Year three.”  A one-year period immediately following the end of year two.

“Year two.”  A one-year period immediately following the end of year one.