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 green infrastructure tax credit.

Summary

The bill updates how tax credits and benefits are administered under Pennsylvania’s 1971 Tax Reform Code, adds new definitions, and creates a tax credit for green infrastructure projects. It would affect individuals and businesses that claim tax credits, especially those investing in environmentally friendly infrastructure. The aim is to streamline credit administration and encourage green development.

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