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 tax credit certificates.

This bill amends Pennsylvania's tax laws to increase the maximum annual historic preservation tax credit available to a single property owner from $500,000 to $1,500,000. The change directly affects qualified taxpayers who restore or rehabilitate historic buildings, allowing them to claim a larger tax credit against their state taxes. The Department of Community and Economic Development is responsible for reviewing and approving these credit certificates under the new limit. The legislation takes effect 60 days after it is signed into law.