An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for construction tax credit requirements.

HB 288 amends Pennsylvania's Tax Reform Code to add new requirements for construction tax credits, affecting taxpayers making capital expenditures over $25,000 for facility construction or renovation. To qualify for these credits, taxpayers must verify good-faith local hiring efforts and confirm that all workers on the project are paid the prevailing wage rate under Pennsylvania's Prevailing Wage Act. The Department of Labor and Industry will enforce these rules, requiring pre-construction wage rate determinations and compliance with prevailing wage standards for all new construction jobs. Violations of these requirements could trigger a 10% refund of the awarded tax credit.