An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions and providing for tax credits relating to economic development.

Summary

The bill modifies the 1971 Tax Reform Code to clarify tax‑credit terminology and to create tax credits aimed at promoting economic development. It would affect businesses and other entities that seek such credits, potentially encouraging investment and job growth. The measure is currently referred to the House Finance Committee.

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