Google Plus Facebook LinkedIn Twitter Vimeo RSS

Tax credit for waterfront development passes Pa. Senate committee

By ,

The state Senate Finance Committee last week voted in favor of a bill to establish a Waterfront Development Tax Credit initiative in Pennsylvania.

The tax credits would encourage private investment, economic development, environmental improvements and enhancements for public recreation, according to a news release.

The legislation, Senate Bill 968, is from state Sen. Randy Vulakovich, R-Allegheny and Butler counties.

The credits, capped at $10 million per year, would be available to individuals or businesses contributing to nonprofit waterfront improvement organizations, the release stated.

Vulakovich introduced the bill, noting Pittsburgh waterfront investments, earlier this year.

More From This Industry

Write to the Editorial Department at

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy