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HB1572 • 2025

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 tax credit certificates.

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 tax credit certificates.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
GOUGHNOUR
Last action
2025-07-08
Official status
Referred to FINANCE, July 8, 2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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 tax credit certificates.

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 tax credit certificates.

What This Bill Does

  • 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 tax credit certificates.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

A01333

06/26/25

06/26/25

Plain English: H1572B1885A01333 PWK:JMT 06/25/25 #90 A01333 AMENDMENTS TO HOUSE BILL NO.

  • H1572B1885A01333 PWK:JMT 06/25/25 #90 A01333 AMENDMENTS TO HOUSE BILL NO.
  • 1572 Sponsor: REPRESENTATIVE KEPHART Printer's No.
  • 1885 Amend Bill, page 1, line 10, by inserting after "credit," providing for tax credit, Amend Bill, page 1, line 11, by striking out the period after "certificates" and inserting and providing for independent fiscal office review.
  • Amend Bill, page 1, lines 14 through 16, by striking out all of said lines and inserting Section 1.

Bill History

  1. 2026-05-07 H

    (Remarks see House Journal Page 1111-1115), June 26, 2025

  2. 2026-05-07 H

    (Remarks see House Journal Page 1163-1164), June 30, 2025

  3. 2025-07-08 S

    In the Senate

  4. 2025-07-08 FINANCE

    Referred to FINANCE, July 8, 2025

  5. 2025-06-30 APPROPRIATIONS

    Re-reported as committed, June 30, 2025

  6. 2025-06-30 H

    Third consideration and final passage, June 30, 2025 (141-62)

  7. 2025-06-26 H

    Second consideration, June 26, 2025

  8. 2025-06-26 APPROPRIATIONS

    Re-committed to APPROPRIATIONS, June 26, 2025

  9. 2025-06-25 RULES

    Re-reported as committed, June 25, 2025

  10. 2025-06-17 FINANCE

    Reported as committed, June 17, 2025

  11. 2025-06-17 H

    First consideration, June 17, 2025

  12. 2025-06-17 RULES

    Re-committed to RULES, June 17, 2025

  13. 2025-06-10 FINANCE

    Referred to FINANCE, June 10, 2025

Official Summary Text

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 tax credit certificates.

Current Bill Text

Read the full stored bill text 
PRINTER'S NO. 1885
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1572
Session of
2025
INTRODUCED BY GOUGHNOUR, SAMUELSON, GIRAL, KHAN, PROBST,
McNEILL, T. DAVIS, POWELL, INGLIS, MUNROE, MAYES, FREEMAN,
BIZZARRO AND SANCHEZ, JUNE 10, 2025
REFERRED TO COMMITTEE ON FINANCE, JUNE 10, 2025
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in historic preservation incentive tax credit,
further providing for tax credit certificates.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1703-H(b)(5) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, amended
July 11, 2024 (P.L.674, No.56), is amended to read:
Section 1703-H. Tax credit certificates.
* * *
(b) Review, recommendation and approval.--
* * *
(5) In granting tax credit certificates under this
article, the Department of Community and Economic
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Development:
(i) Shall not grant more than $20,000,000 in tax
credit certificates in any fiscal year exclusive of any
tax credit certificates not awarded or returned from
previous fiscal years.
(ii) Shall not grant more than [$500,000] $1,500,000
in tax credit certificates to a single qualified taxpayer
in any fiscal year.
(iii) Shall assure that credits are awarded in an
equitable manner to each region in this Commonwealth.
However, credits allocated to a region that are unclaimed
shall be promptly reallocated to eligible projects in
other regions.
Section 2. The amendment of section 1703-H(b)(5) of the act
shall apply to fiscal years beginning on or after July 1, 2025.
Section 3. This act shall take effect immediately.
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