An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in historic preservation incentive tax credit, further providing for definitions.

SB 117 amends Pennsylvania's Tax Reform Code to clarify who qualifies for historic preservation tax credits. It expands the definition of "qualified taxpayer" to explicitly include tax-exempt organizations (like 501(c)(3) nonprofits) that own historic properties, in addition to standard business entities. This change directly affects owners of historic structures seeking to claim existing tax credits under the code. The bill makes no new funding commitments but adjusts eligibility rules for current tax credit programs. It becomes effective 60 days after enactment.