SB117 • 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 definitions.

Taxes

Passed Legislature

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

Sponsor: ARGALL
Last action: 2025-01-22
Official status: Referred to FINANCE, Jan. 22, 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 definitions.

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 definitions.

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.

Bill History

2025-01-22 FINANCE
Referred to FINANCE, Jan. 22, 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 definitions.

Current Bill Text

Read the full stored bill text

PRINTER'S NO. 68
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 117
Session of
2025
INTRODUCED BY ARGALL, STEFANO, FONTANA, SCHWANK, MILLER AND
KANE, JANUARY 22, 2025
REFERRED TO FINANCE, JANUARY 22, 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 definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "qualified taxpayer" in section
1702-H of the act of March 4, 1971 (P.L.6, No.2), known as the
Tax Reform Code of 1971, is amended to read:
Section 1702-H. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Qualified taxpayer." Any natural person, corporation,
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business trust, limited liability company, partnership, limited
liability partnership, association or any other form of legal
business entity that:
(1) Is subject to a tax imposed under Article III, IV,
VI, VII, VIII, IX, XI or XV, excluding any tax withheld by an
employer under Article III.
(2) Owns a qualified historic structure.
The term includes an entity that is exempt from Federal income
taxation under 26 U.S.C. § 501(c)(3) (relating to exemption from
tax on corporations, certain trusts, etc.) and owns a qualified
historic structure.
* * *
Section 2. This act shall take effect in 60 days.
20250SB0117PN0068 - 2 -
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