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.
This bill updates Pennsylvania's Child and Dependent Care Enhancement Tax Credit Program to align state tax credits with future changes in the federal tax code. It directly affects Pennsylvania taxpayers who claim credits for employment-related child and dependent care expenses by modifying how the credit amount is calculated. The legislation establishes a new "applicable percent" for tax years starting after December 31, 2025, ensuring the state credit matches the federal credit limits, which are set at $3,000 for one qualifying individual or $6,000 for two or more. By linking these two systems, the bill ensures that the state tax benefit remains consistent with federal rules for future taxable years.
This bill creates the PA WORKS Scholarship Grant Program to provide financial aid to Pennsylvania residents pursuing specific trade careers in fields like construction, automotive repair, and welding at colleges and universities. To qualify for a grant of up to $5,000 per year, students must maintain satisfactory grades and sign an agreement to live and work in an in-demand trade job within the state for 36 months after graduation. The legislation also establishes a trade career-incentive tax credit for businesses that hire graduates from these approved trade programs.
This bill amends Pennsylvania's tax laws to increase the maximum annual historic preservation tax credit available to a single property owner from $500,000 to $1,500,000. The change directly affects qualified taxpayers who restore or rehabilitate historic buildings, allowing them to claim a larger tax credit against their state taxes. The Department of Community and Economic Development is responsible for reviewing and approving these credit certificates under the new limit. The legislation takes effect 60 days after it is signed into law.
This Pennsylvania bill creates a new Internship Tax Credit Program designed to help small businesses hire students from local colleges and universities. Under the program, eligible businesses that employ qualified interns in structured, paid work experiences can receive a tax credit to offset their state taxes. To qualify, interns must be residents of Pennsylvania with at least 30 college credits and a 2.5 GPA, while internships must last a minimum of six weeks and pay at least minimum wage. The bill also establishes a waiting list system for businesses that apply for the credit but do not receive it due to limited funding.
This bill creates the Keystone Literacy Investment Tax Credit, a program designed to fund evidence-based reading instruction in Pennsylvania public schools. It allows insurance companies and their holding companies to purchase tax credits that can be applied against their insurance premiums tax liability. The Department of Community and Economic Development will sell up to $150 million in these credits, with the program beginning in 2028 and credits becoming usable in 2029. The legislation also establishes an annual cap of $50 million on the total amount of credits that can be used against tax liability.
This Pennsylvania bill creates a tax incentive program to encourage the restoration and continued use of historic barns that are at least 50 years old. Qualified taxpayers who own these structures can receive a tax credit equal to up to 25% of their rehabilitation costs, with a maximum credit of $100,000 per barn. The program is limited to $10 million in total credits per fiscal year and will be administered by the Department of Community and Economic Development in consultation with agricultural and historical groups. Any unused credits can be carried forward to future tax years, but the program will expire after December 31, 2036.
This Pennsylvania bill creates a limited tax credit program for manufacturers of malt or brewed beverages who make specific capital investments in their production facilities. Under the new rules, eligible companies can receive a tax credit for up to $200,000 in qualifying equipment purchases made during designated time periods, with the credit potentially usable over five years. The legislation also allows these tax credits to be sold to other taxpayers, who can then apply the credit against up to 50% of their own tax liability for that year. The Department of Revenue will oversee the program, including verifying taxpayer compliance before approving credit sales and setting guidelines for the process.
This bill amends Pennsylvania's Tax Reform Code to expand a tax credit for employers who contribute money to employee child care. It directly affects businesses that provide child care funds to their staff by changing how much they can claim as a tax deduction. Under the new rules, employers will receive a 30% tax credit on contributions up to $500 per employee for the 2026 tax year, increasing to a 100% credit on contributions up to $10,000 per employee for years starting in 2027. The total amount of credits available statewide is capped at $10 million per fiscal year, and if demand exceeds this limit, the credits will be reduced proportionally among all eligible applicants.
This Pennsylvania bill creates a new tax credit for residents who spend money on physical health improvements, such as gym memberships and in-person exercise classes. To qualify, taxpayers must have a household income at or below 300% of the federal poverty limit, with a maximum credit of $500 for individuals or $1,000 for married couples filing jointly. The credit is non-refundable, meaning it can only reduce tax owed to zero and cannot result in a refund, and it specifically excludes costs for books, virtual training, or personal trainers.
