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PA HB1667

Bill

Official Source

Status

Engrossed

9/29/2025

Primary Sponsor

Paul Takac

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Doubles the cap on credit-eligible capital contributions for the Manufacturing and Investment Tax Credit program from $30 million to $60 million
  • Increases the annual tax credit utilization limit from $6 million to $12 million per fiscal year, beginning with fiscal year 2020-2021
  • Raises the aggregate cap on tax credit certificates from $30 million to $60 million
  • Adds December 31, 2024 as an additional "closing date" trigger for program two tax credit authority related to rural growth funds
  • Takes effect 60 days after enactment

Legislative Description

In manufacturing and investment tax credit, further providing for definitions, for business firms and for tax credit certificates.

Last Action

Referred to Finance

10/3/2025

Committee Referrals

Finance10/3/2025
Appropriations7/14/2025
Rules6/30/2025
Finance6/27/2025

Full Bill Text

No bill text available