An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions; and providing for promotion of renewable opportunities, supporting people, employment and resilience (PROSPER) tax credit.

This Pennsylvania bill amends the state's Tax Reform Code to establish a new tax credit called PROSPER, designed to support displaced workers and promote renewable energy opportunities. The legislation defines "displaced workers" as individuals who have lost their jobs due to layoffs, plant closures, or industry shifts, while also specifying criteria for "green jobs" and "fossil fuel or pollution intensive industries." Under this plan, eligible individuals can receive a tax credit to help offset their tax liability, aiming to provide financial relief and encourage employment in resilient sectors. The bill directly affects the Department of Revenue, which will administer the credit, and the workers and businesses that meet the specific definitions set forth in the new article.