Pennsylvania HB1267 amends tax credits for semiconductor and biomedical manufacturing and research, defining terms and setting criteria for.

Pennsylvania HB1267 amends the definitions of "qualified taxpayer" and "semiconductor manufacturing" in the Tax Reform Code of 1971. It specifies that semiconductor manufacturing includes the manufacture of components, creation of advanced processes, and advanced testing and packaging of components. The bill sets criteria for companies to qualify for tax credits, including capital investment, job creation, and local labor recruitment. Early-stage semiconductor businesses with less than $10 million in revenue and involved in research or design can also qualify.

Pennsylvania HB1267 amends tax credits for semiconductor and biomedical manufacturing and research, defining terms and setting criteria for.

Pennsylvania HB1267 amends the definitions of "qualified taxpayer" and "semiconductor manufacturing" in the Tax Reform Code of 1971. It specifies that semiconductor manufacturing includes the manufacture of components, creation of advanced processes, and advanced testing and packaging of components. The bill sets criteria for companies to qualify for tax credits, including capital investment, job creation, and local labor recruitment. Early-stage semiconductor businesses with less than $10 million in revenue and involved in research or design can also qualify.