An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in sales and use tax, further providing for exclusions from tax; and establishing a fueling opportunities for the revitalization, growth and efficiency of steel tax credit.

SB 949 creates two main provisions: (1) it excludes sales tax on Pennsylvania-made steel products sold within the state, defined as steel processed in Pennsylvania using PA-sourced materials (requiring 75% of material costs to be PA-origin); and (2) it establishes a new tax credit for steel manufacturers. The credit provides up to 3% of capital investments in facility improvements (with an additional 3% for low-carbon or recycled steel technology), requiring at least $50 million in investments, creation of 100+ new jobs, and $20 million total annual funding. This directly affects steel manufacturers in Pennsylvania that meet the investment, job creation, and facility upgrade criteria. The bill aims to incentivize steel production and modernization within the state through tax incentives.