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PA SB1106

PA SB1106
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, further providing for definitions, for applicability and for expiration.


summary

Introduced
12/05/2025
In Committee
12/05/2025
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, further providing for definitions, for applicability and for expiration.

AI Summary

This bill amends the Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits by modifying definitions and extending timeframes for project facilities involving dry natural gas. Specifically, the bill expands the definition of "project facility" to include not just petrochemical or fertilizer manufacturing facilities with substantial capital investments, but also power generation facilities that contribute to the state's electrical grid. The definition of "qualified taxpayer" remains complex, requiring companies to meet several criteria such as purchasing Pennsylvania-produced dry natural gas, investing at least $400 million in facility construction, creating a minimum of 800 new jobs, making good faith efforts to hire local workers, ensuring jobs pay prevailing wages, and performing construction work under the Steel Products Procurement Act. The bill also extends the applicable period for these tax credits, shifting the start date from January 1, 2024, to January 1, 2027, and the expiration date from December 31, 2050, to December 31, 2052. The changes aim to provide additional economic incentives for energy and manufacturing projects in Pennsylvania that utilize the state's natural gas resources.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Referred to Finance (on 12/05/2025)

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