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Committee advances new tax credit to incentivize rehabilitation of historic mills and factories
Summary
House Bill 15 75, sponsored by Representative Freeman, would create a targeted tax credit administered by the Department of Community and Economic Development to encourage rehabilitation of historic mills and factories; committee reported the bill 15–11 after member debate over fiscal capacity.
The House Finance Committee reported House Bill 15 75 by a vote of 15–11. The bill, sponsored by Representative Freeman, would establish a new tax credit administered by the Department of Community and Economic Development to encourage rehabilitation of historic mills and factories.
Committee staff said the proposal would create a Pennsylvania tax credit targeted to mill and factory reuse; the fiscal cost was cited…
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