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PA HB1572
Bill
Status
6/30/2025
Primary Sponsor
Dan Goughnour
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AI Summary
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Increases the maximum historic preservation incentive tax credit available to a single qualified taxpayer from $500,000 to $1,500,000 per fiscal year
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Maintains the overall annual program cap at $20,000,000 in tax credit certificates (excluding unawarded or returned credits from previous years)
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Requires the Department of Community and Economic Development to distribute credits equitably across Pennsylvania regions, with unclaimed regional allocations reallocated to eligible projects elsewhere
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Applies to fiscal years beginning on or after July 1, 2025, with immediate effect upon enactment
Legislative Description
In historic preservation incentive tax credit, further providing for tax credit certificates.
Last Action
Referred to Finance
7/8/2025