Budget & Taxes (Tax Credits)

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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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 · 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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in committee · Pennsylvania · House Jan 28, 2025

HB 394: An Act amending Title 35 (Health and Safety) of the Pennsylvania Consolidated Statutes, in incentives for municipal volunteers of fire companies and nonprofit emergency medical services agencies, further providing for limitations.

HB 394 modifies Pennsylvania's existing tax credit program for municipal fire and emergency medical services volunteers. It allows the tax credit to offset current and future state tax liabilities, and requires municipalities to establish an alternative benefit (like a cash payment) for volunteers who owe no state tax. The credit remains in effect until the local government repeals it. The bill takes effect 60 days after enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credit program to allow offsetting tax liabilities, providing tax relief for municipal volunteers.85% confidence

Sub-Topics Tax Credits

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in committee · Pennsylvania · House Mar 31, 2025

HB 1073: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for shelter animal adoption tax credit; and establishing the Shelter Animal Adoption Tax Credit Program.

This bill creates a $100 tax credit for Pennsylvania taxpayers who adopt cats or dogs from animal shelters, humane societies, or rescue organizations. The credit applies to state income taxes, with a maximum annual benefit of $300 (covering up to three adopted animals). To claim the credit, taxpayers must submit proof of spaying/neutering and adoption during the tax year. The program directly affects individuals adopting shelter animals, aiming to incentivize pet adoption through tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $100 tax credit for shelter pet adoptions, reducing state tax liability for eligible individuals, aligning with tax relief indicators for middle-income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Pennsylvania · Senate Mar 21, 2025

SB 485: 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 establishing the Residential Electric Vehicle Charging Station Tax Credit.

SB 485 creates a Pennsylvania tax credit for homeowners who install residential electric vehicle (EV) charging stations. It allows eligible taxpayers to claim a credit covering 100% of the installation cost, up to $2,000, against their state income tax liability for the year the station is placed in service. To qualify, a taxpayer must reside in Pennsylvania for over half the previous year, own their primary residence, and install the charger there. The credit is refundable, meaning any unused portion is paid back as a cash refund if it exceeds the taxpayer's state income tax bill.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit covering 100% of EV charger installation costs ($2k max), reducing tax liability for eligible homeowners per Tax Reform Code amendment.95% confidence ✓ EnergySupports EnergyCreates tax credit for residential EV charging stations, promoting clean energy infrastructure adoption and reducing fossil fuel dependence through EV adoption incentives.95% confidence ✓ EnvironmentSupports EnvironmentSB 485 creates a tax credit for residential EV charging stations, directly promoting clean transportation infrastructure and reducing emissions from vehicles, aligning with environmental protection goals.92% confidence

Sub-Topics Income Tax Tax Credits Electric Vehicles

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in committee · Pennsylvania · House Feb 24, 2025

HB 709: An Act amending Title 74 (Transportation) of the Pennsylvania Consolidated Statutes, providing for motor carrier parking space tax credit.

HB 709 creates a tax credit for businesses that provide free, publicly accessible parking spaces for trucks (motor carriers) on eligible property. To qualify, businesses must create at least five designated parking spaces (each 10 feet wide by 80 feet long, with concrete or asphalt) on property that is at least three acres, zoned commercial or industrial, within one mile of a designated highway corridor (Tier 1 or Tier 2). The property must also include adequate lighting and a public bathroom. Businesses must maintain these parking spaces and their operations in Pennsylvania for five years to receive the credit. The credit can be applied against certain tax liabilities under Pennsylvania's Tax Reform Code.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for qualifying businesses, reducing tax liability and aligning with tax relief support indicators.90% confidence ✓ TransportationSupports TransportationCreates tax credit for truck parking infrastructure near highways, improving commercial transportation logistics and highway corridor accessibility per bill's requirements.95% confidence

Sub-Topics Tax Credits Roads & Highways Vehicle Registration

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in committee · Pennsylvania · Senate May 22, 2025

SB 772: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for commuter and commerce toll tax credit.

SB 772 creates a new tax credit for Pennsylvania taxpayers who pay tolls on the Pennsylvania Turnpike and specific bridges operated by the Delaware River Joint Toll Bridge Commission, Delaware River Port Authority, and Burlington County Bridge Commission. Taxpayers can claim a credit equal to 50% of their qualifying toll expenses, up to $500 annually, for tolls paid via E-ZPass, cash, or card. The credit applies to individuals and businesses, including pass-through entities like S corporations and partnerships, with unused credits potentially passed to shareholders or owners. The credit becomes available for taxable years beginning after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% tax credit for toll expenses, providing direct tax relief to commuters and businesses, aligning with tax relief indicators.95% confidence ✓ TransportationSupports TransportationBill provides tax credit for toll payments on highways/bridges, reducing commuter costs and incentivizing use of transportation infrastructure, aligning with transportation support indicators.92% confidence

Sub-Topics Business Taxes Tax Credits Bridges Ports

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