SB 500 Pennsylvania Senate · 2025-2026 Regular Session

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, repealing provisions relating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for geothermal energy and for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.

SB 500 repeals outdated tax credits for Pennsylvania petrochemical and fertilizer manufacturing projects and creates new tax credits for clean energy and advanced manufacturing sectors. It establishes tax credits for reliable energy investments, regional clean hydrogen hubs, semiconductor and biomedical manufacturing/research, geothermal energy, and sustainable aviation fuel. Businesses must meet specific eligibility criteria (like capital investment thresholds and job creation targets) to apply for these credits through the Department of Revenue, with annual funding limits and application deadlines outlined. The bill directly affects qualifying companies in these emerging industries seeking tax incentives for new investments.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2025
Committee Review
Floor Vote
Governor
Introduced Jul 8, 2025 Last action Jul 8, 2025