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03/28/2024 09:51 PM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=S&SPick=20150&cosponId=15732
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Senate of Pennsylvania
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: December 9, 2014 04:21 PM
From: Senator Matt Smith
To: All Senate members
Subject: High Performance Buildings Tax Credit
 
In the near future, I plan to re-introduce SB 221 of the 2013-2014 legislative session. This legislation would amend the Tax Reform Code to establish the High Performance Buildings Tax Credit.

My proposal would provide a base tax credit of $35,000 to residential owners or tenants and commercial owners or tenants for either the construction of a green building or the rehabilitation of a non-green building into a green building. In addition, a tax credit based on the size of the building and three possible levels of performance may be given, with the total cost of the credit not to exceed $10 million per year. This tax credit can be a tool that helps catalyze green building and energy efficiency.

Previous co-sponsors include Teplitz, Kasunic, Fontana, Yudichak, Brewster, Washington, Ferlo, Costa, Tartaglione and Farnese.

Please join me in co-sponsoring this important legislation. If you have any questions about this legislation, please contact my office at 717-787-5839.




Introduced as SB237