An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in historic preservation incentive tax credit, further providing for definitions and for tax credit certificates.

Summary

This bill updates the definitions and rules for issuing tax credit certificates within Pennsylvania's Historic Preservation Incentive Tax Credit program. It affects property owners and developers who rehabilitate historic buildings, as well as the state's tax revenue. The changes aim to clarify or modify how these tax credits are awarded and managed, impacting the financial incentives available for preserving historic structures.

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