SB 1384 amends Pennsylvania's Tax Reform Code to update definitions for tax benefits and introduce new rules for computer data centers. The bill explicitly prohibits the Department of Revenue from certifying any new computer data centers after its effective date. It also establishes a new certification program for the Governor's Responsible Infrastructure Development, which sets standards for clean firm energy, including specific requirements for solar, wind, and battery storage systems. Additionally, the legislation defines terms related to alternative compliance payments and clean hydrogen production to support these infrastructure standards.
This Pennsylvania bill creates a new tax incentive to encourage the installation of green infrastructure, such as rain gardens, green roofs, and permeable pavement, on properties within the state. It defines "green infrastructure" as stormwater management practices that reduce or reuse runoff and sets rules for claiming a tax credit based on qualified costs like design, materials, and installation. To receive the credit, taxpayers must complete a certified project and submit detailed documentation to the Department of Revenue, while excluding costs covered by grants or routine maintenance. The legislation also updates the legal definition of "tax credit" to include this new program alongside existing state tax benefits.
This bill creates a tax credit program in Pennsylvania to encourage the production of sustainable aviation fuel. To qualify, companies must invest at least $150 million in a local facility, create at least 400 permanent jobs, and pay workers prevailing wages. The credit provides up to $1 per gallon for fuel production, with an extra 25 cents per gallon for using local feedstocks or achieving significant greenhouse gas reductions. Eligible producers must also meet specific state tax compliance requirements and sign a commitment letter with state officials.
This bill establishes a new Pennsylvania tax credit program designed to help residents who pay for child and dependent care. It allows eligible taxpayers to claim a state tax credit based on the amount they already claim for the same expenses on their federal tax returns. The credit rate changes over time, starting at 30% for tax years ending before 2023, increasing to 100% for years between 2023 and 2026, and returning to 100% for years after 2026. The maximum credit is calculated on up to $3,000 of expenses for one child or $6,000 for two or more children.
This bill creates a new tax incentive program called the Keystone Literacy Investment Tax Credit to fund evidence-based reading instruction in Pennsylvania public schools. The program allows insurance companies and their holding companies to purchase tax credits from the state, which they can then use to offset their own insurance premiums tax liability. The Department of Community and Economic Development will sell up to $150 million in these credits by January 2027, with the funds designated for literacy programs. Qualified taxpayers can begin applying the credits against their tax bills starting in 2029, with an annual cap on the total amount of credits that can be used set at $50 million.
This bill amends Pennsylvania's tax code to create a new economic development tax credit designed to support business growth and infrastructure improvements within the state. To receive this credit, entities must hire only Pennsylvania residents, use 100% materials sourced from within the state or the United States, and comply with prevailing wage laws. The Department of Community and Economic Development is tasked with auditing recipients annually to ensure they meet these requirements, and any entity found non-compliant must repay the full amount of the tax credit.
This bill amends Pennsylvania's tax code to update rules for the historic preservation incentive tax credit program. It expands the definition of eligible taxpayers to include various business entities and tax-exempt organizations that own historic structures. The legislation also increases the maximum annual tax credit amount a single applicant can receive from $500,000 to $1.5 million while setting a new statewide annual cap of $20 million. Additionally, it requires the Department of Community and Economic Development to distribute these credits equitably across different regions of the state.
This bill modifies Pennsylvania's existing tax credit programs for private school scholarships by increasing the maximum credit percentage for businesses from 75% or 90% to 99% for most contributions. It also establishes a new Pennsylvania Learning Investment Tax Credit and creates a Displaced Student Scholarship Fund to support students who must move due to natural disasters or other emergencies. The legislation raises the annual funding cap for these programs from $590 million to $790 million and adjusts how funds are allocated among different types of scholarship organizations.
This bill modifies Pennsylvania's tax code to update definitions for tax benefits and establish new rules for computer data centers and infrastructure projects. It prohibits the state from certifying any new computer data centers after the law takes effect, effectively ending the current incentive program for such facilities. Additionally, the legislation creates a new certification process for the Governor's Responsible Infrastructure Development program, which sets standards for clean firm energy, including requirements for nuclear, hydro, wind, solar, and hydrogen sources. These changes aim to clarify how tax benefits are administered and to guide future infrastructure investments toward specific energy standards.
This bill creates a new tax credit for small businesses in Pennsylvania that help employees pay for health insurance. To qualify, a business must have 50 or fewer employees and contribute up to $1,000 per employee toward premiums for qualified health plans purchased through the state health exchange. The credit is calculated based on the first $1,000 of contributions made for each eligible employee and can be used to reduce the business's state tax liability. Companies claiming the credit must submit a specific application form to the Department of Revenue that includes detailed information about their employees and the insurance providers they hired.
