An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, providing for an advanced clean manufacturing project and further providing for definitions.

Added 'clean iron' and 'phase change material ceiling tiles' as new qualifying products for the tax credit.

Updated definitions for clean steel and clean cement to require production using at least 50% renewable energy by the effective date and 100% by 2035, and specified lower carbon emission thresholds.

Added new definitions for 'Department of Environmental Protection' and 'Pass-Through Entity' to clarify administrative roles and eligible taxpayer types.

Reduced the maximum annual tax credit from $10 million to $5 million and the total program cap from $50 million to $25 million.

Changed the application process to require a formal 'Commitment Letter' that must be executed between the Department and the taxpayer, detailing project specifics and job creation goals.

Extended the deadline for placing a project in service to four years from the date the Commitment Letter is executed.