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PA HB1461
Bill
Status
Introduced
5/14/2025
Primary Sponsor
Marc Anderson
Click for details
AI Summary
- Establishes the Career and Technical Education Investment Incentive Program allowing businesses to receive tax credits of 75% (or 90% for two-year commitments) for contributions to career and technical education partnership organizations
- Caps total annual tax credits at $15,000,000, with individual business credits limited to $750,000 per year
- Requires at least 90% of tax credits go toward program-related costs (equipment, materials, supplies) and no more than 10% toward enrollment expansion programs
- Eligible participating schools include public schools, area career and technical education schools, charter schools, and regional charter schools that offer programs in high-priority occupations
- Department of Community and Economic Development must submit annual reports to the General Assembly beginning December 1, 2026, tracking tax credits claimed, participating organizations, and student outcomes including credentials earned and employment in high-priority occupations
Legislative Description
Providing for the Career and Technical Education Investment Incentive Program.
Last Action
Referred to Finance
5/14/2025
Committee Referrals
Finance5/14/2025
Full Bill Text
No bill text available