HB 1488 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for the High-Performance Buildings Tax Credit.

Bill Text

• Printer's No. 1868 View text Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill establishes a new High-Performance Buildings Tax Credit program under the Tax Reform Code of 1971 in Pennsylvania.

• Section 1

  ARTICLE XIX-G HIGH-PERFORMANCE BUILDINGS TAX CREDIT Section 1901-G. Scope of article. This article authorizes the High-Performance Buildings Tax Credit.

  Introduces a new article dedicated to the High-Performance Buildings Tax Credit.

• Section 1902-G

  The General Assembly declares the purposes of this article are as follows: (1) To promote better energy and environmental standards for construction, rehabilitation and maintenance of buildings in this Commonwealth. (2) To optimize the energy performance of buildings throughout this Commonwealth. (3) To increase the demand for environmentally preferable building materials, finishes and furnishings. (4) To improve environmental quality in this Commonwealth by decreasing the discharge of pollutants from buildings and their manufacture. (5) To create public awareness of new technologies that can improve the health and productivity of building occupants by meeting advanced criteria for indoor air quality. (6) To improve working conditions and reduce related health problems. (7) To reduce this Commonwealth's dependence on imported sources of energy through buildings that conserve energy and utilize local and renewable energy sources. (8) To protect and restore this Commonwealth's natural resources by avoiding development of inappropriate building sites. (9) To reduce the burden on municipal water supply and treatment by reducing potable water consumption. (10) To reduce waste generation and to manage waste through recycling and diversion from landfill disposal. (11) To improve this Commonwealth's capacity to design, build and operate higher-performance buildings and, in doing so, to create new jobs and contribute to economic growth.

  Specifies the purposes of the High-Performance Buildings Tax Credit.

• Section 1903-G

  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: "Achievement." Achievement and award of certification by a high-performance green building standard as set forth in section 1904-G and adopted by regulation. "Building project." The design, construction and renovation of an inhabited physical structure and project building site. "Commercial interior fit-out." Interior design and installation by owners or tenants of new or existing space, excluding structural components and core and shell elements. "Credit allowance year." The later of: (1) The taxable year during which the property, construction, completion or rehabilitation referred to in section 1906-G(a) has been placed in service or has received a final certificate of occupancy. (2) The first taxable year with respect to which the tax credit may be claimed pursuant to the initial tax credit component certificate issued under section 1908-G(a). "Department." The Department of Revenue of the Commonwealth. "Eligible building." A building located in this Commonwealth that is any of the following:

  Defines various terms that are essential for understanding the provisions of the High-Performance Buildings Tax Credit.

• Section 1906-G

  High-Performance Building Tax Credit. (a) Eligible taxpayers and buildings.--The High-Performance Building Tax Credit shall be available to a taxpayer, whether owner or tenant, for either the construction of a high-performance building or the rehabilitation of a building which is not a high-performance building into a high-performance building. (b) Application.--A taxpayer may apply for a tax credit against any tax imposed under Article III, IV, VI, VII, VIII, IX or XV. The amount of the credit shall be as specified in section 1907-G. The amount of each credit shall not exceed the limit set forth in the initial credit certificate obtained under section 1908-G(a). In the determination of the tax credit, no cost paid or incurred by the taxpayer shall be the basis for more than one tax credit. (c) Requirements.--The tax credit may not be allowed for any taxable year unless all of the following are met: (1) The taxpayer has obtained and filed both an initial credit certificate and high-performance documentation issued under section 1908-G(c). (2) A certificate of occupancy for the building has been issued. (3) The property for which the credit is claimed is in service during the taxable year.

  Establishes eligibility criteria and requirements for applying for the High-Performance Building Tax Credit.

• Section 1907-G

  The total tax credit that is available to a taxpayer for a single eligible project shall be distributed in four equal amounts over each of the four years specified in section 1906-G(d). This total amount shall be based on the number of gross square feet of floor space in the eligible building, that building's achievement of an appropriate standard and the tier of achievement earned. In addition, no building may receive a tax credit unless it has earned achievement at or above the Tier I level. All the approved projects shall receive a base tax credit of $35,000.

  Details the calculation and distribution of the High-Performance Building Tax Credit for eligible projects.

Action History

1. May 22, 2019

   PN 1868 Referred to FINANCE

Sponsors

• Mary Jo Daley · Cosponsor
• Joanna E. McClinton · Cosponsor
• Sims · Primary
• Murt · Cosponsor
• Michael H. Schlossberg · Cosponsor
• MaryLouise Isaacson · Cosponsor
• Millard · Cosponsor
• Carol Hill-Evans · Cosponsor
• Robert Freeman · Cosponsor
• Danielle Friel Otten · Cosponsor
• David M. Delloso · Cosponsor

Subjects