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House committee hears proposal to lower thresholds for EDGE semiconductor tax credit
Summary
The House Finance Committee reviewed changes in House Bill 500 that would lower investment and job thresholds for the EDGE semiconductor tax credit, add a carve-out for early-stage firms, and repurpose previously unused credits to attract semiconductor and biomed manufacturing to Pennsylvania.
At a public hearing of the House Finance Committee, members reviewed changes in House Bill 500 that would roll back eligibility thresholds for Pennsylvania’s EDGE semiconductor tax credit to make it accessible to smaller semiconductor projects.
The proposal, presented by Representative John Inglis, would keep the $10 million program cap but allocate $8 million of that to projects meeting a reduced threshold of $100 million in capital investment and 100 new jobs, and reserve $2 million for early-stage semiconductor companies via…
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