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December Argall Report: New Tax Credit Provides Opportunities in Manufacturing

December Argall Report: New Tax Credit Provides Opportunities in Manufacturing

HARRISBURG – The newest edition of a local TV program hosted by Senator David G. Argall (R-Berks/Schuylkill) focuses on a recent workshop discussion conducted by the Senate Majority Policy Committee and the House Majority Policy Committee to discuss Act 66, the Local Resource Manufacturing Tax Credit Program.

“I think it’s an ingenious piece of legislation frankly.” That’s what CEO Perry Babb of KeyState Natural Gas Synthesis said about the law which was designed to encourage manufacturing and investment in good paying jobs.

The hearing featured industry specialists from KeyState Natural Gas Synthesis, TopLine Analytics, the Pennsylvania Chemical Industry Council, the Northeastern Pennsylvania Building and Construction Trades Council, the International Brotherhood of Boilermakers, and the Pennsylvania Manufacturers’ Association.

In order to qualify for the tax credit, each business must invest more than $400 million into a Pennsylvania facility and create at least 800 jobs. Pennsylvania has seen an energy boom in the last few years and is now the third largest net supplier of energy to other states.

“This bill was an achievement in bipartisan collaboration to improve the economy of northeastern Pennsylvania,” said Senator Argall. “My friend and colleague Senator John Yudichak (I-Carbon/Luzerne) worked tirelessly for months to achieve an agreement between Republicans and Democrats, business and labor, the House, the Senate, and the Governor. The result of all this hard work was a new law which will create thousands of good paying jobs to sustain Pennsylvania families. As a major energy producer, Pennsylvania is helping to drive this nation into prosperity and the jobs created along the way have great potential to assist our more economically depressed areas.”

This edition of the Argall Report will air on BCTV (Comcast – Channel 15 and Service Electric – Channel 19) and stream live at on Thursday at 8 p.m. and Friday at 6 p.m.