Version 1.2 of the document introduces new versions of PHP including PHP 5.6 and PHP 7. PHP 5.6 included new features like constant expressions, variadic functions, and exponentiation. PHP 7 included major performance improvements and introduced scalar type declarations, return type declarations, and new operators like the nullsafe operator and spaceship comparison operator. PHP 7 also removed alternative PHP tags and deprecated old PHP codes. Future versions of PHP will focus on additional type declarations and other new language features.