The plan includes a nickel-per-gallon tax credit for purchasing and using ethane from gas wells within the commonwealth.
The tax incentive would require a company to invest at least $1 billion and create at least 2,500 construction jobs in order to receive the tax credit. There would be no annual cap on the credits—a feature that could be used to lure other companies to build plants in Pennsylvania.
After 10 years of receiving a credit, the Department of Revenue would evaluate whether the plant has produced the necessary economic impacts to justify the tax incentives.
The next step in the process is Senate approval.