Pennsylvania HB1572 amends the historic preservation incentive tax credit, setting limits on tax credit certificates.

Pennsylvania HB1572 amends the historic preservation incentive tax credit by modifying the rules for tax credit certificates. The Department of Community and Economic Development is directed to limit the total amount of tax credit certificates granted in any fiscal year to $20,000,000, excluding any certificates not awarded or returned from previous fiscal years. Additionally, no single qualified taxpayer can receive more than $1,500,000 in tax credit certificates annually.

Pennsylvania HB1572 amends the historic preservation incentive tax credit, setting limits on tax credit certificates.

Pennsylvania HB1572 amends the historic preservation incentive tax credit by modifying the rules for tax credit certificates. The Department of Community and Economic Development is directed to limit the total amount of tax credit certificates granted in any fiscal year to $20,000,000, excluding any certificates not awarded or returned from previous fiscal years. Additionally, no single qualified taxpayer can receive more than $1,500,000 in tax credit certificates annually.