PA HB709

Creates a tax credit of $5,000 per newly created truck parking space, with a maximum of $100,000 per taxpayer, for businesses that build free, publicly available parking spaces for semi-trucks near designated highway corridors

Parking spaces must be on commercially or industrially zoned property of at least 3 acres, within one mile of specified Tier 1 or Tier 2 interstate corridors (including I-76, I-78, I-79, I-80, I-81, I-83, I-95, and Pennsylvania Turnpike segments), with concrete or asphalt surfaces, adequate lighting, and bathroom facilities

Department of Revenue may issue up to $10 million in tax credits starting fiscal year 2025-2026, increasing by $1 million annually until reaching a $20 million cap in fiscal year 2035

Tax credits may be carried forward for up to 3 years, sold or assigned to other taxpayers, or transferred to pass-through entity shareholders; recipients must maintain operations and parking spaces in Pennsylvania for at least 5 years or refund all credits received

Requires Department of General Services to conduct a study within 12 months analyzing state surplus property near highway corridors that could be sold to private entities for truck parking development using federal grants