Pennsylvania 2025-2026 Regular Session

Pennsylvania House Bill HB1575

Introduced
6/9/25  
Refer
6/9/25  
Refer
6/17/25  
Report Pass
7/1/25  
Refer
7/1/25  
Report Pass
7/7/25  
Engrossed
7/7/25  

Caption

In tax credit and tax benefit administration, further providing for definitions; and providing for factory or mill building economic revitalization.

Impact

The implementation of HB 1575 is expected to have a significant impact on state laws regarding economic development incentives. By formalizing definitions and guidelines for tax credit applications associated with factory and mill revitalization, the bill aims to create a more favorable environment for businesses looking to rehabilitate these properties. The intention is to encourage reinvestment into local economies, potentially increasing the tax base through improved property values and increased business activity.

Summary

House Bill 1575 addresses the administration of tax credits and benefits related to factory and mill building economic revitalization. The bill proposes to clarify certain definitions pertaining to the management of these tax advantages, aiming to streamline processes and enhance economic growth by revitalizing industrial properties. Proponents argue that by offering targeted support through tax credits, the bill can stimulate investment in underutilized factory and mill buildings, fostering job creation and economic development in affected regions.

Sentiment

The sentiment around HB 1575 appears to be largely positive among legislators focused on economic development. Supporters emphasize the importance of providing adequate support for revitalization efforts, highlighting the potential for job creation and increased local investment. However, there may be some reservations expressed by fiscal conservatives who are wary of the implications of extending tax credits and their long-term effects on state revenue.

Contention

Notable points of contention surrounding HB 1575 may arise from concerns about the effectiveness of tax credits in achieving their intended goals. Critics could argue that such measures do not guarantee sustainable economic growth and may lead to debates on whether financial incentives should prioritize certain sectors over others. Additionally, discussions regarding the oversight of tax benefits and the accountability of businesses receiving these incentives may emerge, reflecting broader concerns about ensuring that taxpayer money is utilized effectively.

Companion Bills

No companion bills found.

Previously Filed As

PA HB653

In tax credit and tax benefit administration, further providing for definitions; and providing for tax credits for rehabilitation and reconstruction of certain factory and mill buildings and for a business tax credit.

PA SB810

In tax credit and tax benefit administration, further providing for definitions; and providing for Working Family Income Tax Credit.

PA HB1034

In tax credit and tax benefit administration, further providing for definitions; and providing for Working Family Income Tax Credit.

PA HB2315

In tax credit and tax benefit administration, further providing for definitions; and providing for promotion of renewable opportunities, supporting people, employment and resilience (PROSPER) tax credit.

PA HB316

In tax credit and tax benefit administration, further providing for definitions; and establishing the Residential Electric Vehicle Charging Station Tax Credit.

PA SB157

In tax credit and tax benefit administration, further providing for definitions; and establishing the Residential Electric Vehicle Charging Station Tax Credit.

PA HB2000

In tax credit and tax benefit administration, further providing for definitions; providing for paid family and medical leave tax credit; and establishing the Family and Medical Leave Tax Credit Program.

PA HB151

In tax credit and tax benefit administration, further providing for definitions and for application and administration.

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 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.

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