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Finance Committee advances EDGE tax-credit package after amendments and debate
Summary
House Bill 500, a multi-part tax credit package branded PA EDGE, was reported out of the House Finance Committee 14-12 after lawmakers adopted a series of amendments on semiconductors, energy, geothermal, and milk processing and after debate over pumped-storage hydropower and natural gas inclusion.
The House Finance Committee advanced House Bill 500, the Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax-credit package, after a series of amendments and heated debate about energy provisions and program definitions.
Committee staff summarized the bill: "House bill 500 updates the economic development for a growing greener economy ... including the reliable energy investment tax credit, the Pennsylvania milk processing tax credit, clean hydrogen hubs tax credit, semiconductor manufacturing tax credit, and sustainable aviation fuel tax credit," Mark Forman said. Members then took up multiple amendments covering thresholds for energy projects, semiconductor eligibility timing, geothermal…
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