Bill > HB1749

This bill establishes a Fueling Opportunities for the Revitalization, Growth and Efficiency (FORGE) of Steel Tax Credit program and creates a sales tax exclusion for Pennsylvania steel products. The tax credit is designed to incentivize steel manufacturers in Pennsylvania to make significant capital investments in facility improvements, with companies eligible if they invest at least $50 million in upgrades and create at least 100 full-time jobs. The tax credit can be up to 3% of capital investments, with an additional 3% for investments in advanced manufacturing technologies that enable lower-carbon steel production, increase electricity or hydrogen generation, or use recycled steel. Companies can apply annually for the credit, with a total of $20 million in credits available each fiscal year, and no single company can receive more than 30% of the total credits. The bill includes provisions for transferring credits, employment protections requiring job maintenance for five years, and mandatory workforce development training. Additionally, the bill creates a sales tax exclusion for steel products manufactured in Pennsylvania, including cast iron and machinery made with at least 75% Pennsylvania-made steel components. The tax credit and sales tax exclusion will apply to sales and tax years beginning after December 31, 2026, and the Department of Revenue will be responsible for administering the program and submitting annual reports to the General Assembly.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1749