Bill > HB709

This bill establishes a tax credit program to encourage the creation of motor carrier parking spaces in Pennsylvania. Businesses can receive up to $5,000 per newly created parking space, with a maximum tax credit of $100,000 per taxpayer, for developing designated parking areas near specific interstate corridors. To qualify, businesses must create at least five free, publicly available parking spaces that are at least 10 feet wide by 80 feet long, located on commercial or industrial properties within one mile of Tier 1 or Tier 2 highway corridors. The parking spaces must be made of concrete or asphalt, have adequate lighting, and include bathroom facilities. Participants must commit to maintaining these parking spaces and their existing Pennsylvania operations for at least five years. The program has an initial fiscal year cap of $10 million in tax credits, which will increase annually until reaching $20 million per year by 2035. Businesses can sell or transfer their tax credits, and pass-through entities like partnerships can distribute credits to their members. The bill also requires the Department of General Services to study the potential use of surplus state-owned real property for creating motor carrier parking spaces. Penalties exist for businesses that fail to maintain their parking spaces or operations, with potential full tax credit recapture.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=709