An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in mixed-use development tax credit, further providing for mixed-use development tax credits.

This bill amends Pennsylvania's Tax Reform Code to increase the annual funding available for mixed-use development tax credits from $4.5 million to $15 million. The change directly affects developers and investors who qualify for these credits by allowing the state to allocate a larger pool of money to support projects that combine residential, commercial, or other uses. Under the new provisions, the state agency responsible for tax administration can distribute up to $15 million in credits each fiscal year to eligible projects. The legislation takes effect 60 days after it is passed.