PENNSYLVANIA, March 18 - PRINTER'S NO. 1516

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1175

Session of

2026

INTRODUCED BY HUGHES, SANTARSIERO, COSTA, TARTAGLIONE, SCHWANK,

KIM, HAYWOOD, STREET, KANE, FONTANA, PENNYCUICK AND

CAPPELLETTI, MARCH 18, 2026

REFERRED TO FINANCE, MARCH 18, 2026

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 Innovate in PA Tax Credit, further providing

for legislative intent, for definitions, for duties, for use

of tax credits by qualified taxpayers, for sale, carryover

and carryback, for sale of tax credits to qualified

taxpayers, for Innovate in PA Program, for guidelines and for

report and providing for second distribution report.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 1802-F 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 1802-F. Legislative intent.

It is the intent of this article to invest in innovation as a

catalyst for economic growth. Investment in the Ben Franklin

Technology Development Authority, the Ben Franklin Technology

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