Pennsylvania 2025-2026 Regular Session

Pennsylvania House Bill HB1267

Introduced
4/17/25  

Caption

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit.

Impact

The proposed changes in HB 1267 could significantly influence Pennsylvania's economic landscape by promoting investments in high-tech industries. Specifically, it aims to provide tax incentives for semiconductor and biomedical companies, which may lead to increased capital flow into the state. The bill outlines specific credits based on capital investment and employee-related tax withholdings, incentivizing both established firms and early-stage businesses to expand or establish operations in Pennsylvania. This could enhance the state's competitive edge in technology-focused sectors.

Summary

House Bill 1267 seeks to amend the Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits by focusing on semiconductor manufacturing and biomedical research sectors. The bill defines 'qualified taxpayer' as businesses engaged in semiconductor manufacturing or biomedical activities that meet specific criteria, such as having a minimum capital investment and creating a set number of permanent jobs. This structure is designed to foster growth in key industries within the state and stimulate job creation in these sectors, which are considered critical for economic advancement.

Sentiment

The general sentiment surrounding HB 1267 is cautiously optimistic among supporters who view it as a strategic move to bolster the state's economy by attracting semiconductor and biomedical investments. However, there are reservations highlighted by some stakeholders who express concerns about the potential long-term sustainability of such tax incentives and their effectiveness in addressing broader economic challenges beyond immediate employment gains.

Contention

Notable points of contention include debates on the adequacy of the capital investment requirements and the specific metrics for job creation. Critics argue that the thresholds set for qualifying investments may be too favorable for large companies while not adequately supporting smaller firms. Additionally, there are concerns about the potential for the bill to inadvertently lead to inequities in support distribution across different types of industries, leading to questions about prioritizing particular sectors over others.

Companion Bills

No companion bills found.

Previously Filed As

PA HB2565

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions relating to local resource manufacturing and for Pennsylvania Milk Processing and providing for Reliable Energy Investment Tax Credit and for Pennsylvania Milk Processing; in Regional Clean Hydrogen Hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.

PA HB2402

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, further providing for definitions and for application and approval of tax credit, providing for sustainable aviation fuel and further providing for definitions.

PA HB1219

In personal income tax, further providing for classes of income and for special tax provisions for poverty and providing for alternative special tax provisions for poverty; in corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax, for consolidated reports and for manufacturing innovation and reinvestment deduction; in realty transfer tax, further providing for transfer of tax; in tax credit and tax benefit administration, further providing for definitions; in entertainment production tax credit, further providing for definitions, for credit for qualified film production expenses, for carryover, carryback and assignment of credit and for limitations; in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, providing for biotechnology; in neighborhood assistance tax credit, further providing for tax credit and for grant of tax credit; providing for expanded neighborhood improvement zones; in Pennsylvania Child and Dependent Care Enhancement Tax Credit Program, further providing for credit for child and dependent care employment-related expenses; providing for Public Transportation Trust Fund; and, in general provisions, further providing for underpayment of estimated tax, for method of filing and for allocation of tax credits.

PA SB334

In research and development tax credit, further providing for limitation on credits; and providing for Angel Investment Tax Credit.

PA HB1215

In regional clean hydrogen hubs, further providing for definitions, for eligibility and for application and approval of tax credit, providing for qualifying clean hydrogen uses and further providing for guidelines and regulations.

PA SB1272

In manufacturing and investment tax credit, further providing for definitions relating to rural jobs and investment tax credit, for rural growth funds, for claiming the tax credit and for revocation of tax credit certificates.

PA SB497

Providing for advanced manufacturing facilities and infrastructures through business partnerships with State-related institutions; establishing the Max Manufacturing Initiative Fund and Max Manufacturing Endeavor Loan Fund; providing for prevailing wage; and imposing powers and duties on the Department of Community and Economic Development.

PA HB2132

Establishing the Pennsylvania-Ireland Trade Commission and the Pennsylvania-Ireland Trade Commission Fund; imposing duties on the Department of Community and Economic Development; providing for the Entertainment Economic Enhancement Program;

PA HB2414

In tax credits relating to beginning farmers, further providing for scope of article, for definitions, for beginning farmer management tax credit and for approval of tax credit.

PA SB757

In Treasury Department, establishing the Pennsylvania Award for Student Success Scholarship Program and the Pennsylvania Award for Student Success Scholarship Fund; in bonus and tax reports and returns and reports and records relating to tax collections, further providing for confidential information; in tax credits, further providing for Department of Community and Economic Development; in 2022-2023 budget implementation, further providing for Department of Education; and making a repeal.

Similar Bills

NJ AR141

Urges Congress to reconcile United States Innovation and Competition Act and American COMPETES Act to expedite funding for semiconductor production and innovation.

PA HB2565

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions relating to local resource manufacturing and for Pennsylvania Milk Processing and providing for Reliable Energy Investment Tax Credit and for Pennsylvania Milk Processing; in Regional Clean Hydrogen Hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.

PA SB440

In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions, for eligibility, for application and approval of tax credit and for sale or assignment.

TX HB5174

Relating to the establishment and administration of the Texas Semiconductor Innovation Consortium.

TX SB2288

Relating to the creation of the Texas semiconductor innovation consortium and fund.

TX HR1993

Urging Congress to pass the "CHIPS for America Act" or any legislation that substantially increases the United States' investments in semiconductor manufacturing and research.

OR HB4154

Relating to semiconductors; prescribing an effective date.

TX SB1758

Relating to the operation of a cement kiln and the production of aggregates near a semiconductor wafer manufacturing facility.