Pennsylvania SB500 amends tax credits for clean energy, sustainable aviation fuel, and semiconductor manufacturing.

Pennsylvania SB500 amends the Tax Reform Code of 1971 to repeal provisions related to local resource manufacturing and Pennsylvania milk processing. It introduces new tax credits for reliable energy investment, regional clean hydrogen hubs, semiconductor manufacturing, and biomedical manufacturing and research. The bill defines terms such as "clean energy," "clean hydrogen," and "qualified taxpayer." It outlines eligibility criteria, application processes, and tax credit amounts for various projects.

Pennsylvania SB500 amends tax credits for clean energy, sustainable aviation fuel, and semiconductor manufacturing.

Pennsylvania SB500 amends the Tax Reform Code of 1971 to repeal provisions related to local resource manufacturing and Pennsylvania milk processing. It introduces new tax credits for reliable energy investment, regional clean hydrogen hubs, semiconductor manufacturing, and biomedical manufacturing and research. The bill defines terms such as "clean energy," "clean hydrogen," and "qualified taxpayer." It outlines eligibility criteria, application processes, and tax credit amounts for various projects.