Bill > SB1167

This bill amends the Tax Reform Code of 1971 to create a new tax credit for members of the Pennsylvania National Guard. The key provisions include: defining terms like "qualified tax liability" and "tax credit"; allowing eligible taxpayers who are active members of the Pennsylvania National Guard with at least two years of service to claim a $500 tax credit; prohibiting the carryover, carryback, or refund of unused credits; requiring self-certification of eligibility; and directing the Department of Revenue to adopt guidelines and submit annual reports on the usage of the tax credit.