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SB500

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions re lating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for geothermal energy and for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.

Introduced·7/8/25
Introduced Text

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.

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  • Overview
  • Core Provisions
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  • Critical Issues

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Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

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15
0
Democratic CaucusRepublican Caucus

History

Jul 8, 2025

Senate

Referred to Finance