An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for historic homeownership preservation incentive tax credit; imposing duties on the Department of Community and Economic Development and the Pennsylvania Historical and Museum Commission; and establishing the Historic Homeowner Preservation Tax Credit Administration Fund.

HB 1094 creates a new tax credit for homeowners who rehabilitate historic properties in economically distressed areas of Pennsylvania. It directly affects homeowners who own and occupy as their primary residence certified historic properties located in designated "qualified census tracts" (areas at or below state median income or qualified opportunity zones). The credit covers qualified rehabilitation costs like structural repairs and exterior work, excluding property acquisition, interior improvements, or building expansions. The Pennsylvania Historical and Museum Commission and Department of Community and Economic Development will administer the program and manage a dedicated fund to support the credit.