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Giving Pennsylvania an EDGE with Credits and Incentives | Marcum LLP

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Giving Pennsylvania an EDGE with Credits and Incentives | Marcum LLP


Final month Pennsylvania Governor Tom Wolf signed Home Invoice 1059 which incorporates, amongst different provisions, the Pennsylvania Financial Improvement for a Rising Financial system (PA Edge): a program that gives roughly $2 billion in tax incentives to companies in focused industries.

The laws additionally:

  • Raises the annual credit score cap on the prevailing Native Useful resource Manufacturing Tax Credit score (LRMTC), which incentivizes corporations to make use of dry pure fuel to supply petrochemicals or fertilizer, from $26.6 million per 12 months to $56.6 million.
  • Requires taxpayers to make sure building work is carried out based on the Metal Merchandise Procurement Act in an effort to qualify for the LRMTC.

PA EDGE PROGRAM

What’s PA Edge?

This system establishes three non-refundable however transferrable tax credit:

  1. Milk Processing Tax Credit score;
  2. Regional Clear Hydrogen Hub Tax Credit score; and
  3. Semiconductor Manufacturing, Biomedical Manufacturing and Analysis Tax Credit score.

Who’s eligible and the way a lot are the credit value?

Companies inside every qualifying trade should make investments vital capital in PA by developing a brand new facility and creating a particular variety of jobs. As well as, certified companies should adhere to sure minimal wage requirements and make a good-faith effort to recruit native staff in the course of the building challenge. Taxpayers additionally must be in good standing for all relevant Pennsylvania taxes.

Certified taxpayers trying to acquire a PA EDGE credit score should submit an software to the Pennsylvania Division of Income (DOR) no later than March 1 for certified purchases and/or actions from the prior calendar 12 months.

This program credit certified taxpayers $0.05 per gallon of milk bought and produced from sources completely in Pennsylvania and processed on the new facility.

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To qualify, a taxpayer should (amongst different issues):

  • Make investments $500 million or extra to construct the milk processing facility in Pennsylvania; and
  • Create at the least 1,200 full-time, everlasting jobs.

A certified taxpayer’s complete credit can’t exceed 25% of their capital funding to assemble the certified facility and place it into service.

This program incentivizes the development of unpolluted hydrogen hubs accredited by the U.S. Division of Vitality. The hubs have to be constructed based on the definition outlined within the infrastructure invoice that was signed into regulation in November 2021.

Certified taxpayers are allowed a credit score for a number of of the next:

  • $0.81 per kilogram of unpolluted hydrogen bought from a regional clear hydrogen hub inside Pennsylvania and utilized in manufacturing at their new facility.
  • $0.47 per unit of pure fuel, bought and used within the manufacturing of hydrogen on the challenge facility.

To qualify, a taxpayer should (amongst different issues):

  • Make investments $500 million or extra to construct a challenge facility that’s a part of a regional clear hydrogen hub in Pennsylvania; and
  • Create at the least 1,200 full-time, everlasting jobs.

A certified taxpayer’s complete credit can’t exceed 50% of their capital funding to assemble the certified facility and place it into service.

This program allocates $100 million (as much as $20 million yearly over 5 years) for biomedical and semiconductor manufacturing amenities.

The annual credit score allowed per certified taxpayer is restricted to $20 million per 12 months. Of that, $10 million is allotted for semiconductor manufacturing and $10 million is allotted for biomedical manufacturing or biomedical analysis.

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Certified taxpayers can declare a credit score for:

  • Not more than 2.5% of their capital funding; and
  • Pennsylvania revenue tax withheld from workers, as much as $20,000 per worker, for every job created on the facility.

To qualify, a taxpayer should:

  • Make investments $200 million or extra to construct a brand new semiconductor manufacturing or biomedical manufacturing or analysis facility in Pennsylvania; and
  • Create at the least 800 everlasting jobs.

A certified taxpayer’s complete credit can’t exceed 25% of their capital funding to assemble the certified facility and place it into service.

Depend on Marcum

For added data relating to the Pennsylvania Credit and Incentives alternative and its potential advantages, contact Barry Halpern or your Marcum State and Native Credit and Incentives skilled.



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Pennsylvania

Man charged with murder in fatal shooting at Pennsylvania linen company

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Man charged with murder in fatal shooting at Pennsylvania linen company


A man has been charged with murder Thursday after a shooting left 2 dead and 3 others injured in what prosecutors described as a “cold-blooded” attack at a linen company near Philadelphia.

Wilbert Rosado-Ruiz, 61, has been charged with two counts of homicide, multiple counts of aggravated assault, reckless endangerment, and a firearms charge, according to Delaware County District Attorney Jack Stollsteimer. He was scheduled to be arraigned Thursday afternoon, Stollsteimer said.

Rosado-Ruiz was charged in connection to a shooting that occurred Wednesday morning at Delaware County Linen in Chester, a city south of Philadelphia. The family-owned company was founded in 1988 and provides linen rental and laundering services to businesses in southeastern Pennsylvania and surrounding states, its website said.

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Stollsteimer said the shooting appeared to stem from a dispute between Rosado-Ruiz and a female colleague. It was unclear what led to the dispute between the suspect and his co-worker, authorities said.

Two brothers, identified as Leovanny Pena Pena and Giguenson Pena Pena, were killed and three others — including the colleague involved in the dispute — were wounded, authorities said. As of Thursday afternoon, two of the surviving victims were listed in stable condition while one was in critical condition but stable.

“This is a horrible, horrible event (that) should never happen,” Stollsteimer said at a news conference Thursday. “As I said yesterday, (shootings happen) too often in America. It could have happened in any community but it happened, unfortunately, here in the city of Chester.”

Ohio shooting: 3 killed, 3 others wounded following ‘chaotic’ shooting in Ohio; suspect at large

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Gunman ‘methodically’ walked around, shooting victims

The shooting happened at about 8:30 a.m. and Chester Police Commissioner Steven Gretsky said officers arrived at a “very chaotic scene.” They found one man dead outside the business entrance and another dead inside.

According to Stollsteimer, surveillance video showed Rosado-Ruiz arriving at the business and having a verbal altercation with a female employee. He then went outside to make a phone call, returned with a gun, and opened fire.

“He methodically walked around the floor of the business,” Stollsteimer said.

The female colleague was the first victim in the incident and left the building after she was shot, according to Stollsteimer. As Rosado-Ruiz was leaving the building, he noticed the woman and fired several more shots but either misfired or ran out of ammunition, Stollsteimer added.

Rosado-Ruiz then fled from the scene but was soon taken into custody after an officer from nearby Trainer, Pennsylvania, heard the vehicle description and stopped the car, Gretsky said.

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Stollsteimer added that although Rosado-Ruiz legally owned the gun that was used in the shooting, he faced a weapons charge because he did not have a license to carry a concealed weapon.

Latest workplace shooting in U.S.

There have been at least 168 mass shootings in the country so far this year, according to the Gun Violence Archive, which tracks gun violence incidents. The organization defines mass shootings as shootings in which at least four people have been shot, not including the shooter, regardless of whether they die.

Mass killings, as defined by a tracker from USA TODAY, Northeastern University, and the Associated Press, include incidents in which four or more people, excluding the offender, are killed within a 24-hour time frame. There have been 15 such killings in 2024, according to the tracker.

The Chester, Pennsylvania, shooting is also the latest incident of workplace violence carried out by disgruntled workers or former employees. Assault is the fifth-leading cause of workplace deaths, according to the National Safety Council.

Between 2021 and 2022, the public service organization counted over 57,600 injuries. In 2022, there were 525 fatalities reported due to assault.

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Last year, seven people were killed in two related shootings in Half Moon Bay, California, in what authorities described as an “instance of workplace violence.” In June 2022, three people were killed and three others injured — including the gunman — at a Maryland manufacturing facility.

About five months later, a gunman, who a witness said was targeting co-workers, killed six people at a Walmart in Virginia. In 2021, a former employee at a FedEx facility in Indiana killed eight people.

Though multiple workplace killings by employees have occurred in recent years, experts have said these incidents are comparatively rare when looking at all U.S. mass killings, USA TODAY reported in 2022.

“In terms of workplace homicides, most are actually committed not by employees,” James Alan Fox, a criminologist and professor at Northeastern University, previously told USA TODAY.

Contributing: Jeanine Santucci and Nada Hassanein, USA TODAY

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Pennsylvania lawmakers question secrecy around how abuse or neglect of older adults is investigated – Metro Philadelphia

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Pennsylvania lawmakers question secrecy around how abuse or neglect of older adults is investigated – Metro Philadelphia


Pennsylvania Gov. Josh Shapiro speaks with members of the media during a news conference in Yardley, Pa., Monday, Dec. 4, 2023.

AP Photo/Matt Rourke

By MARC LEVY Associated Press

Pennsylvania lawmakers want Gov. Josh Shapiro’s Department of Aging to disclose more about the shortcomings it finds when it evaluates whether county-level agencies are properly investigating complaints about the abuse or neglect of older adults.

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The effort comes as Republican state lawmakers have pressed Shapiro’s administration to do more to investigate the deaths of older adults who are the subject of an abuse or neglect complaint after Pennsylvania recorded a steep increase in such deaths.

Rep. Louis Schmitt, R-Blair, introduced legislation Wednesday requiring the department to publish the compliance status of each of the 52 county-level agencies that it’s supposed to inspect annually, and to publish a report on the findings.

“The public needs to know. The public deserves to know. The public has a right to know,” Schmitt said in an interview. “You cannot hide if you’re going to conduct public business, especially public business that affects the health and safety and welfare of seniors in Pennsylvania.”

The department told lawmakers earlier this year that it had deemed seven of the agencies to be noncompliant. The year before that, 13 were noncompliant when lawmakers asked.

In a statement, the Department of Aging said it looked forward to working with Schmitt. The department said it expects to introduce a new performance evaluation process beginning in June and will post results on its website.

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The department has recently declined requests by The Associated Press for two sets of documents: one in which the department outlines to county-level agencies the shortcomings it found and another in which the county-level agency must explain how it will fix those shortcomings. The department, under Shapiro’s predecessor, former Gov. Tom Wolf, had provided such documents unredacted to the AP.

Those refusals come after a January evaluation of Philadelphia’s agency found that its protective services bureau had improperly handled 16 — or one-third — of 50 closed cases that were picked at random for the review.

The details of complaints, investigations and the identity of the person whose situation is in question are kept secret.

The Philadelphia Corporation For Aging declined to comment. A letter the department sent to the agency didn’t describe the problems or how the agency planned to fix them.

Asked about the fate of the 16 adults, the department said none of their cases “required a referral to law enforcement or a report to the coroner’s office.”

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The department also said it is taking steps to help the Philadelphia agency, including by encouraging the agency to seek out a broader pool of applicants for caseworkers and supervisory staff and expanding training.

The department has contracts with 52 county-level “area agencies for aging” — nicknamed triple As — across Pennsylvania to field and investigate abuse and neglect complaints and, ultimately, ensure the older adult is safe and connected to the appropriate social services. Some are county-run and some are privately run.

Sheri McQuown, a protective services specialist who left the Department of Aging last year after almost seven years, said there is no reason the department cannot publish the findings from its evaluations and the local agencies’ corrective action plans.

“The public should know what they’re paying for, what they’re getting for their money, and older adults should know which triple As are effective and which are not,” McQuown said.

How the Philadelphia agency handles complaints has stoked repeated concerns. At one point, the state stepped in to handle investigations.

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McQuown questioned whether the Department of Aging has the spine to hold the county-level agencies accountable. High numbers of deficiencies has long been the norm for Philadelphia and some other agencies, she said.

The county-level agencies do not always comply with state requirements that limit caseworkers’ caseloads, set deadlines to resolve cases and set timelines within which caseworkers must promptly see potential victims.

The agencies also decide which complaints to investigate, and state data has long shown disparities between the agencies in how often they deemed a complaint to be worthy of action.



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New Casey campaign coalition puts focus on senior voters in Pennsylvania • Pennsylvania Capital-Star

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New Casey campaign coalition puts focus on senior voters in Pennsylvania • Pennsylvania Capital-Star


Democratic U.S. Sen. Bob Casey’s campaign is launching a new initiative aimed at courting older voters who reliably show up at the polls and who may prove pivotal in races up and down the ballot in 2024.

First shared with the Capital-Star, the “Seniors for Casey” coalition has more than 100 seniors across the commonwealth, including former Gov. Ed Rendell, former Philadelphia Mayor John Street, and former International Vice President of SEIU Rosemary Trump.

His campaign told the Capital-Star that showing up for seniors in Pennsylvania is a top priority for Casey and touted his record of advancing legislation that benefits seniors.

“This coalition will help ensure his priorities for seniors are shared throughout the state from now until election day through events, outreach, organizing, and conversations within their communities,” Maddy McDaniel, spokesperson for Bob Casey for Senate, told the Capital-Star. “Senator Casey has championed seniors’ issues throughout his time in the Senate and this coalition is just another way he is centering them in his work.”

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Casey, who is seeking a fourth term in the U.S. Senate serves as the Chairman of the Special Committee on Aging. His campaign points to Casey’s efforts on lowering costs, protecting seniors from scams and financial exploitation, holding long-term care facilities accountable, and protecting Social Security and Medicare. He’s also been endorsed by the National Committee to Preserve Social Security & Medicare, a left-leaning advocacy group. 

Social Security in ‘a full blown crisis,’: Advocates and recipients say the program needs help

Seniors have been a key part of Casey’s reelection in the past, but recent polling suggests that he is running neck-and-neck with Republican challenger David McCormick among this group of voters. An AARP Pennsylvania statewide election survey released on May 7 showed Casey leading McCormick by 4 points among voters 18 and over, and McCormick with a 1 point advantage over Casey with voters 50 and older.

During Casey’s most recent reelection in 2018 over then-GOP U.S. Rep. Lou Barletta, Casey won voters 50-64 by 5 points and defeated Barletta with voters 65 and older by 17 points. He won the election by 13 points overall.

Pennsylvania has one of the largest senior populations among battleground states. And Casey is not the only candidate for office seeking to secure a win among older voters. Bloomberg reports President Joe Biden’s campaign has been courting this group of voters by organizing bingo games in key states and running ads during shows with a large senior viewing audience, such as the Price is Right.

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