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Appropriations panel adopts change to economic development tax-credit threshold despite Republican objections
Summary
The House Appropriations Committee adopted an amendment to House Bill 500 that adjusts capital-investment language affecting eligibility for Pennsylvania economic development tax credits; Republicans opposed the amendment, saying it would lower investment in the state.
The House Appropriations Committee on an undisclosed date adopted an amendment to House Bill 500 that alters capital-investment language tied to Pennsylvania economic development tax credits and then passed the bill to the full House as amended.
The committee action came after lawmakers debated an amendment identified as A000741. A Republican committee member told the panel, “we have some concerns with this amendment reducing the amount of investment in Pennsylvania from…
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