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PA SB500
Bill
Status
7/8/2025
Primary Sponsor
Nick Pisciottano
Click for details
AI Summary
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Creates a new Reliable Energy Investment Tax Credit of $300,000 per megawatt of maximum facility output (up to $100 million per project) for clean energy generation and storage facilities that emit less than 100 pounds of CO2 equivalent per megawatt-hour, with applications available from January 1, 2026 through December 31, 2036
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Revises Pennsylvania milk processing tax credits to allow facilities with $50 million minimum capital investment (down from $500 million) or 100 new jobs to qualify, with credits up to $2.30 per hundredweight of milk processed and an additional $1.15 for organic dairy operations
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Expands clean hydrogen hub tax credits beyond regional hubs to any Pennsylvania facility using or purchasing clean hydrogen for manufacturing, aviation fuel, energy generation, or transportation, with tiered credits from $0.16 to $0.81 per kilogram based on lifecycle emissions
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Establishes new geothermal energy tax credits equal to 30% of capital investment (up to $5 million) for facilities at eligible sites including brownfields, environmental justice areas, and abandoned well conversions, with $40 million available annually
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Creates sustainable aviation fuel tax credits of $0.75 per gallon for facilities investing at least $250 million and creating 400 jobs, with up to $15 million available annually from 2028 through 2044
Legislative Description
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions re lating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for geothermal energy and for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.
Last Action
Referred to Finance
7/8/2025