Bill > HB1461

This bill establishes the Career and Technical Education (CTE) Investment Incentive Program, which aims to encourage private businesses to invest in career and technical education programs in Pennsylvania schools. The program allows businesses to receive tax credits for making contributions to qualified nonprofit organizations that support CTE programs. Businesses can receive tax credits up to 75% of their contribution, with a maximum annual credit of $750,000, and potentially up to 90% if they commit to contributing the same amount for two consecutive years. The program targets high-priority occupations and seeks to help students develop skills for in-demand careers by supporting the repair, upgrade, and expansion of technical education programs. Participating schools must be public schools, area career and technical education schools, charter schools, or regional charter schools, and they can use the contributions for program-related costs like equipment and materials or to expand student enrollment in CTE programs. The Department of Community and Economic Development will manage the program, maintain a list of qualified organizations, and submit an annual report to the General Assembly detailing the program's impact, including the number of tax credits claimed, contributions received, and participating industries. The program will begin applying to taxable years starting after December 31, 2025.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1461