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Bill > SB500
PA SB500
PA SB500In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions re lating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor
summary
Introduced
07/08/2025
07/08/2025
In Committee
07/08/2025
07/08/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An act relating to tax reform and State taxation by codifying and enumerating certain subjects of taxation and imposing taxes thereon; providing procedures for the payment, collection, administration and enforcement thereof; providing for tax credits in certain cases; conferring powers and imposing duties upon the Department of Revenue, certain employers, fiduciaries, individuals, persons, corporations and other entities; prescribing crimes, offenses and penalties," in Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions relating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for geothermal energy and for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.
AI Summary
This bill introduces several significant changes to tax credit programs in Pennsylvania, focusing on economic development, clean energy, and manufacturing. It creates or modifies tax credit programs for reliable energy investment, milk processing, geothermal energy, and sustainable aviation fuel, while also making adjustments to existing programs like semiconductor manufacturing and clean hydrogen production. The key provisions include establishing new tax credit frameworks that incentivize investments in specific industries, with detailed eligibility requirements, application processes, and reporting mechanisms. Notably, the bill reduces some capital investment thresholds, expands definitions of qualifying activities, and creates targeted support for early-stage businesses and projects in diverse geographic regions of the state. The tax credits are designed to encourage job creation, technological innovation, and economic growth across various sectors, with specific emphasis on clean energy, advanced manufacturing, and sustainable technologies. Each tax credit program has unique features, such as tiered credit rates based on performance metrics, limitations on total credits, and requirements for local workforce recruitment and prevailing wage standards.
Committee Categories
Budget and Finance
Sponsors (15)
Nickolas Pisciottano (D)*,
Lisa Boscola (D),
Amanda Cappelletti (D),
Maria Collett (D),
Carolyn Comitta (D),
Jay Costa (D),
Wayne Fontana (D),
Art Haywood (D),
Vincent Hughes (D),
John Kane (D),
Nick Miller (D),
Steve Santarsiero (D),
Judy Schwank (D),
Sharif Street (D),
Tina Tartaglione (D),
Last Action
Referred to Finance (on 07/08/2025)
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