Tax Credits for Natural Gas, Hydrogen Passed in Pennsylvania

The natural gas industry, hydrogen hub development, and semiconductor manufacturers would have access to millions of dollars in new and expanded tax credits under a Pennsylvania bill that awaits Gov. Tom Wolf’s signature.

The package, H.B. 1059, includes tax credits for clean hydrogen hubs, semiconductor and biomedical manufacturers, and biomedical research companies. The House passed it 139-59 and the Senate 41-8 on Wednesday.

Provisions in the package include an annual $50 million from 2024 to 2043 for federally designated regional clean hydrogen hubs and a $30 million increase spread over the next 25 years to existing tax credits for using ...