Pennsylvania HB2301 amends the PA EDGE tax credits to include tax credits for critical minerals extraction from produced water.

HB2301 amends the Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits to provide tax credits for companies extracting critical minerals from produced water. Companies must invest at least $1,000,000 in a project facility in Pennsylvania and use produced water generated in the state to extract critical minerals. The tax credit is equal to $20 for each kilogram of qualifying critical minerals extracted. The bill defines "critical mineral" and "produced water," and sets eligibility criteria for companies to qualify for the tax credit.

Pennsylvania HB2301 amends the PA EDGE tax credits to include tax credits for critical minerals extraction from produced water.

HB2301 amends the Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits to provide tax credits for companies extracting critical minerals from produced water. Companies must invest at least $1,000,000 in a project facility in Pennsylvania and use produced water generated in the state to extract critical minerals. The tax credit is equal to $20 for each kilogram of qualifying critical minerals extracted. The bill defines "critical mineral" and "produced water," and sets eligibility criteria for companies to qualify for the tax credit.