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House Finance Committee advances clean-manufacturing tax credit with narrower caps and new emissions rules
Summary
The House Finance Committee passed House Bill 1556, as amended, to create an advanced clean manufacturing tax credit under the PA EDGE program, adopting limits including a $5 million cap per taxpayer, a $25 million annual program cap, 50% GHG reduction and phased renewable-power requirements (50% at enactment, 100% by 2035).
HARRISBURG — The House Finance Committee on Monday voted 15-11 to advance House Bill 1556, which would add an “advanced clean manufacturing” tax credit to the state’s PA EDGE economic-development program.
The committee adopted amendment A02161 before voting on the bill. Shannon Snell, the committee’s senior research analyst, summarized the amendment as adding eligible project types (including clean iron and phase-change material ceiling tiles), requiring projects be powered by electricity from at least 50% renewable sources at the bill’s effective date and 100% by 2035, and requiring project facilities to reduce greenhouse-gas emissions by at least 50%.
"House bill 15…
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