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SB 500 repeals outdated tax credits for Pennsylvania petrochemical and fertilizer manufacturing projects and creates new tax credits for clean energy and advanced manufacturing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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jul 8, 2025
Committee
Referred to Finance
upper
1 primary · 14 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nick Pisciottano
DDemocratic
Co
Amanda Cappelletti
DDemocratic
Co
Art Haywood
DDemocratic
Co
Carolyn Comitta
DDemocratic
Co
Jay Costa
DDemocratic
Co
John Kane
DDemocratic
Co
Judy Schwank
DDemocratic
Co
Lisa Boscola
DDemocratic
Co
Maria Collett
DDemocratic
Co
Nick Miller
DDemocratic
Co
Sharif Street
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 500
Scope: PA
Hi! I can help you understand SB 500. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline