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Read. Follow. Verify.Pennsylvania House Bill 1004 Doubles the Annual Research and Development Tax Credit Cap to $120 Million
Last action · March 24, 2025: Referred to FINANCE, March 24, 2025Sponsors: Tim Briggs and 22 others
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What This Bill Would Do
House Bill 1004 raises the total annual cap on approved research and development tax credits from $60 million to $120 million, and increases the exclusive small business allocation from $12 million to $24 million, effective in 60 days.
Qualifying businesses conducting research and development in Pennsylvania gain access to double the previous pool of annual tax credits, with small businesses specifically eligible to claim a larger share of the increased funding.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Qualifying taxpayers
Qualifying businesses conducting research and development gain access to an expanded pool of annual tax credits.
Small businesses
Small businesses receive an increased exclusive annual allocation of $24 million for research and development tax credits.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
How much is the research and development tax credit cap increasing under House Bill 1004?
What portion of the tax credits is reserved for small businesses?
What happens if either group does not use their entire allocated tax credit amount?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
1 action- Mar 24, 2025HouseCommitteeReferred to FINANCE, March 24, 2025
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Show 18 more sponsors
Connected Entities
Sources
www.palegis.us
Analysis Score
0–100- Significance55How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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