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PA HB1267
Bill
Status
4/17/2025
Primary Sponsor
Stephen Samuelson
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AI Summary
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Reduces PA EDGE tax credit eligibility thresholds for semiconductor and biomedical manufacturers from $200 million to $100 million in capital investment and from 800 to 100 permanent jobs created
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Creates new "early stage semiconductor business" category for companies with under $10 million in revenue engaged in semiconductor research, design, packaging, or testing
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Expands definition of "semiconductor manufacturing" to explicitly include wafer production, fabrication, packaging, equipment manufacturing, and advanced testing
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Sets annual tax credit limits at $8 million aggregate for qualified semiconductor manufacturers (minimum $1 million per recipient) and $2 million aggregate for early stage businesses (minimum $100,000, maximum $1 million per business)
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Requires early stage semiconductor businesses to demonstrate at least $3 million in research and development investment in the prior year to qualify for credits
Legislative Description
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit.
Last Action
Referred to Finance
4/17/2025