Budget & Taxes

passed · Pennsylvania · House Jul 14, 2025

HB 1575: 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 factory or mill building economic revitalization.

HB 1575 creates a new tax credit program to revitalize vacant industrial properties in Pennsylvania. It directly affects building owners of pre-1973 factories or mills that have been at least 75% vacant for 24 months and are designated by their municipality for rehabilitation. The bill establishes a credit equal to 20% of qualified renovation costs (like structural repairs or equipment upgrades) that meet specific value thresholds, applied against certain business taxes. To qualify, properties must be rehabilitated for mixed commercial/residential use, and the program is administered by the Department of Community and Economic Development.

Topics ✓ Budget & TaxesSupports Budget & TaxesHB 1575 creates a 20% tax credit for business renovation costs, providing direct tax relief to property owners under specific revitalization criteria, aligning with tax relief indicators.95% confidence

Sub-Topics Tax Credits Tax Incentives

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passed · Pennsylvania · House Jul 8, 2025

HB 1572: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in historic preservation incentive tax credit, further providing for tax credit certificates.

HB 1572 modifies Pennsylvania's historic preservation tax credit program by setting new annual spending limits and allocation rules. It caps total annual tax credits at $20 million (excluding unused prior-year credits), limits credits to $1.5 million per project owner annually (up from $500,000), and requires equitable regional distribution of credits - reallocating unclaimed funds to other regions. The bill directly affects historic preservation project owners seeking tax credits for rehabilitation work. These changes apply to fiscal years starting July 1, 2025, and aim to manage program funding more systematically.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill sets annual tax credit spending caps ($20M) and equitable allocation rules to promote fiscal responsibility within historic preservation tax program.95% confidence

Sub-Topics Tax Credits

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passed · Pennsylvania · House Oct 3, 2025

HB 1331: An Act providing for the capital budget for fiscal year 2025-2026; itemizing public improvement projects, furniture and equipment projects, transportation assistance, redevelopment assistance projects, flood control projects and Pennsylvania Fish and Boat Commission projects leased or assisted by the Department of General Services and other State agencies, together with their estimated financial costs; authorizing the incurring of debt without the approval of the electors for the purpose of financing the projects to be constructed, acquired or assisted by the Department of General Services and other State agencies; authorizing the use of current revenue for the purpose of financing the projects to be constructed, acquired or assisted by the Department of General Services and other State agencies stating the estimated useful life of the projects; and making appropriations.

HB 1331 allocates state funding for specific public projects - including roads, bridges, flood control, and Pennsylvania Fish and Boat Commission initiatives - during the 2025-2026 fiscal year. It authorizes Pennsylvania to borrow money without voter approval and use current state revenue to finance these projects, while requiring agencies to state each project’s estimated lifespan. The bill directly affects state agencies like the Department of General Services, which manage these capital improvements. It does not change public policy but outlines budgetary mechanisms for infrastructure spending.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state funds for infrastructure projects (roads, bridges, flood control) via capital budget, authorizing debt and current revenue use for public improvements.95% confidence ✓ TransportationSupports TransportationAllocates state funds for roads, bridges, and transportation infrastructure projects during 2025-2026 fiscal year, authorizing debt and revenue use for transportation-related public improvements.95% confidence

Sub-Topics Appropriations Debt & Bonds State Budget

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in committee · Pennsylvania · Senate Jan 29, 2025

SB 191: 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; in research and development tax credit, further providing for limitation on credits; and providing for Angel Investment Tax Credit.

SB 191 amends Pennsylvania's 1971 Tax Reform Code to adjust tax credit rules and create a new Angel Investment Tax Credit. It increases the annual cap on tax credits from $60 million to $100 million, reserving $20 million specifically for small businesses. The bill establishes an Angel Investment Tax Credit program, allowing accredited investors to claim a 25% credit on investments in qualifying Pennsylvania startups that meet criteria like having fewer than 100 employees, operating in the state for under five years, and developing intellectual property. This directly affects investors seeking tax benefits and qualifying small businesses aiming to secure early-stage funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit cap to $100M and creates Angel Investment Tax Credit (25% on startup investments), directly expanding tax incentives to stimulate business growth and economic development.90% confidence

Sub-Topics Tax Credits

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in committee · Pennsylvania · Senate Feb 26, 2025

SB 282: An Act making appropriations from the Public School Employees' Retirement Fund and from the PSERS Defined Contribution Fund to provide for expenses of the Public School Employees' Retirement Board for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

SB 282 is a funding bill that allocates $64.5 million from the Public School Employees' Retirement Fund and $1.4 million from the PSERS Defined Contribution Fund to cover the operational costs of Pennsylvania's Public School Employees' Retirement Board. It provides funding for the board's salaries, travel, contractual services, and administrative expenses for fiscal year 2025-2026, as well as payment of unpaid bills from the prior fiscal year ending June 2025. The bill directly affects the Retirement Board's operations but does not change retirement benefits or eligibility for school employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $65.9M from retirement funds to cover operational costs of Retirement Board, ensuring fiscal responsibility for essential pension administration.95% confidence

Sub-Topics Pensions

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in committee · Pennsylvania · Senate Apr 21, 2025

SB 653: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in personal income tax, further providing for classes of income.

SB 653 amends the state's Tax Reform Code concerning personal income tax. The bill allows employees to deduct certain education-related expenses from their taxable income. Specifically, expenses for higher education or career and technical education that are reimbursed by an employer can be deducted, but only if that reimbursement was reported as Federal taxable income. This change would apply to taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing deductions for education expenses, reducing taxable income for eligible employees under specific conditions.95% confidence ✓ EducationSupports EducationEnables tax deductions for higher education expenses, reducing individual costs and supporting access to education.65% confidence

Sub-Topics Income Tax

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in committee · Pennsylvania · Senate May 13, 2025

SB 166: An Act making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State Employees' Retirement Board for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

SB 166 is an appropriations bill that allocates funds for the operational expenses of the State Employees' Retirement Board. It appropriates $39,795,000 from the State Employees' Retirement Fund and $5,979,000 from the SERS Defined Contribution Fund. These funds are designated to cover salaries, travel, contractual services, and other costs necessary for the board to manage state employee retirement plans. The appropriations apply to the fiscal year from July 1, 2025, to June 30, 2026, and also cover any unpaid bills from the prior fiscal year.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds operational expenses for the State Employees' Retirement Board, an essential state program, through specific appropriations for the fiscal year.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds retirement board operations to maintain state employee benefits, directly supporting employment-related retirement security.85% confidence

Sub-Topics State Budget Public Employees Retirement Benefits

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signed · Pennsylvania · House Jun 27, 2025

HB 1339: An Act making appropriations from a restricted revenue account within the General Fund and from Federal augmentation funds to the Pennsylvania Public Utility Commission for the fiscal year July 1, 2025, to June 30, 2026.

HB 1339 allocates specific funds to the Pennsylvania Public Utility Commission (PUC) for the 2025-2026 fiscal year. It uses money from a restricted revenue account within the state's General Fund and Federal augmentation funds to cover the PUC's operational costs. This bill, now law as Act No. 8A of 2025, directly affects the PUC's budget and ensures funding for its regulatory activities during the specified fiscal period.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state General Fund and federal funds to PUC for operational costs, directly supporting budgetary funding for a state regulatory agency's fiscal management.95% confidence

Sub-Topics Appropriations State Budget

in committee · Pennsylvania · House Apr 17, 2025

HB 1267: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit.

HB 1267 creates tax credits for Pennsylvania businesses investing in semiconductor manufacturing or biomedical manufacturing and research. To qualify, companies must invest at least $100 million in a new facility, create 100 permanent jobs paying at least the prevailing wage, and meet local hiring and construction requirements. The tax credit can be calculated as up to 2.5% of the capital investment or up to $20,000 per job based on payroll taxes. Early stage semiconductor businesses (with under $10 million in revenue) must invest $3 million in R&D and receive a minimum $100,000 credit per year, with a yearly cap of $2 million for all such businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for businesses investing in semiconductor/biomedical sectors, directly modifying tax policy to incentivize economic development through reduced tax liability.92% confidence ✓ TechnologySupports TechnologyProvides tax credits for semiconductor manufacturing investment, directly advancing technology sector growth through economic incentives.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · Pennsylvania · Senate Apr 30, 2025

SB 655: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in personal income tax, further providing for classes of income; in corporate net income tax, further providing for definitions; in tax credit and tax benefit administration, further providing for definitions; and providing for personal health investment tax credit.

This bill amends the state's tax code to create new deductions and tax credits related to health and fitness for military personnel. Businesses that offer free fitness facility memberships to active duty military, Pennsylvania National Guard, or reserve component members can deduct these costs from their taxable income. Additionally, these qualified military individuals can claim a personal health investment tax credit of up to $600 annually for their own sports and fitness expenses, such as gym memberships or participation fees. These changes will apply to taxable years commencing after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits/deductions for military health expenses, reducing taxable income for businesses and individuals per Tax Reform Code amendments.92% confidence ✓ VeteransSupports VeteransCreates tax credit for military personnel's fitness expenses, directly benefiting veterans through accessible health services and recognizing service.85% confidence

Sub-Topics Income Tax Tax Credits National Guard & Reserve

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