Pennsylvania SB1106 amends PA EDGE tax credits, defining project facilities and qualified taxpayers, and setting applicability and expiration dates.
Pennsylvania SB1106 amends the definitions of "project facility" and "qualified taxpayer" in the Tax Reform Code of 1971. A "project facility" is a facility in Pennsylvania that manufactures petrochemicals or fertilizers using dry natural gas or generates power for the electrical grid, with a capital investment of at least $400 million and creation of at least 800 jobs. A "qualified taxpayer" is a company that purchases and uses dry natural gas, recruits local workers, and pays at least the prevailing minimum wage.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.