HB1038

Pennsylvania HB1038 amends the Tax Reform Code of 1971 to define "tax credit" and establish a green roof tax credit.

Pennsylvania HB1038 amends the Tax Reform Code of 1971 to define "tax credit" and establish a green roof tax credit. The bill defines "tax credit" as a credit authorized under green roof covering at least 50% of the building's rooftop or 75% of eligible rooftop space. It provides a tax credit equal to 25% of all costs initially incurred to construct the green roof and for maintenance in the years after. The credit is limited to $100,000 per fiscal year, is nontransferable, and is not refundable. Unused credits may be carried forward until fully used.