PA HB1004

Doubles the annual cap on Pennsylvania's research and development tax credit from $60 million to $120 million per fiscal year

Increases the small business allocation within the R&D tax credit program from $12 million to $24 million annually

Maintains the existing provision allowing unused funds from either the small business or general applicant pool to transfer to the other group of qualifying taxpayers

Amends Section 1709-B of the Tax Reform Code of 1971

Takes effect 60 days after enactment