Pennsylvania 2025-2026 Regular Session Status: In Committee 3 D cosponsors

SB 191 — 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; in research and development tax credit, further providing for limitation on credits; and providing for Angel Investment Tax Credit.

Last action — Referred to Finance

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 29, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 20% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

10 changes Share ↗

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

The bill establishes an Angel Investment Tax Credit program and increases the total amount of tax credits available in Pennsylvania.

  • Section 1701-A.1

    (8.2) Article XVII-M.

    Adds the Angel Investment Tax Credit to the definition of tax credits.

  • Section 1709-B(a)

    [sixty million dollars ($60,000,000)] → one hundred million dollars ($100,000,000)

    Increases the total amount of tax credits approved by the department from $60 million to $100 million per fiscal year.

  • Section 1709-B(a)

    [twelve million dollars ($12,000,000)] → twenty million dollars ($20,000,000)

    Increases the allocation for small businesses from $12 million to $20 million.

  • ARTICLE XVII-M ANGEL INVESTMENT TAX CREDIT

    Creates a new article dedicated to the Angel Investment Tax Credit.

  • Section 1701-M

    This article relates to the Angel Investment Tax Credit.

    Defines the scope of the newly established Angel Investment Tax Credit article.

  • Section 1702-M

    Defines terms related to the Angel Investment Tax Credit such as Accredited Investor and Qualified Business Venture.

    Provides key definitions necessary for understanding the Angel Investment Tax Credit.

  • Section 1703-M

    The Angel Investment Tax Credit Program is established in the department.

    Establishes the framework for the Angel Investment Tax Credit Program aimed at supporting high growth businesses.

  • Section 1705-M(c)

    Approval.--Upon being satisfied under subsection (b), the department shall approve the application and award the taxpayer a tax credit for the taxable year in the amount equal to 25% of the taxpayer's qualified investment made during the taxable year.

    Specifies the approval process and percentage of investment eligible for the tax credit.

  • Section 1708-M(a)

    The total amount of tax credits approved by the department in any calendar year may not exceed $20,000,000.

    Sets a cap on the annual total amount of Angel Investment Tax Credits available.

  • Section 1709-M(a)

    Shareholder entitlement.--If a Pennsylvania S corporation does not have an eligible tax liability against which the tax credit may be applied in the current taxable year.

    Outlines the entitlements of shareholders in the context of the tax credits.

Action History

  1. Referred to Finance

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 250 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (250)

250 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 191?
SB 191 is sponsored by Sharif Street (Democratic), Jay Costa (Democratic), and John I. Kane (Democratic).
What is the current status of SB 191?
This bill is in committee in the Senate. Introduced January 29, 2025. It must pass committee before a floor vote.
Where can I track SB 191?
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