Bill > SB654

Introduced Session

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An <-- act relating to tax reform and State taxation by codifying and enumerating certain subjects of taxation and imposing taxes thereon; providing procedures for the payment, collection, administration and enforcement thereof; providing for tax credits in certain cases; conferring powers and imposing duties upon the Department of Revenue, certain employers, fiduciaries, individuals, persons, corporations and other entities; prescribing crimes, offenses and penalties," in personal income tax, further providing for classes of income; and establishing the Public Transportation Trust Fund. AMENDING THE ACT OF MARCH 4, 1971 (P.L.6, NO.2), ENTITLED "AN <-- ACT RELATING TO TAX REFORM AND STATE TAXATION BY CODIFYING AND ENUMERATING CERTAIN SUBJECTS OF TAXATION AND IMPOSING TAXES THEREON; PROVIDING PROCEDURES FOR THE PAYMENT, COLLECTION, ADMINISTRATION AND ENFORCEMENT THEREOF; PROVIDING FOR TAX CREDITS IN CERTAIN CASES; CONFERRING POWERS AND IMPOSING DUTIES UPON THE DEPARTMENT OF REVENUE, CERTAIN EMPLOYERS, FIDUCIARIES, INDIVIDUALS, PERSONS, CORPORATIONS AND OTHER ENTITIES; PRESCRIBING CRIMES, OFFENSES AND PENALTIES," IN SALES AND USE TAX, FURTHER PROVIDING FOR EXCLUSIONS FROM TAX; IN PERSONAL INCOME TAX, FURTHER PROVIDING FOR DEFINITIONS AND FOR CLASSES OF INCOME AND PROVIDING FOR TRANSFER TO CLEAN STREAMS FUND; IN CORPORATE NET INCOME TAX, FURTHER PROVIDING FOR DEFINITIONS AND PROVIDING FOR DETERMINATION OF NET LOSS DEDUCTION; IN BANK AND TRUST COMPANY SHARES TAX, FURTHER PROVIDING FOR ASCERTAINMENT OF TAXABLE AMOUNT AND EXCLUSION OF UNITED STATES OBLIGATIONS; IN REALTY TRANSFER TAX, FURTHER PROVIDING FOR TRANSFER OF TAX; IN HISTORIC PRESERVATION INCENTIVE TAX CREDIT, FURTHER PROVIDING FOR TAX CREDIT CERTIFICATES; IN COAL REFUSE ENERGY AND RECLAMATION TAX CREDIT, FURTHER PROVIDING FOR APPLICATION AND APPROVAL OF TAX CREDIT AND FOR LIMITATION ON TAX CREDITS; IN CITY REVITALIZATION AND IMPROVEMENT ZONES, FURTHER PROVIDING FOR DEFINITIONS, FOR ESTABLISHMENT OR DESIGNATION OF CONTRACTING AUTHORITY, FOR APPROVAL, FOR REPORTS, FOR TRANSFERS, FOR RESTRICTIONS, FOR TRANSFER OF PROPERTY AND FOR REVIEW; IN MANUFACTURING AND INVESTMENT TAX CREDIT, FURTHER PROVIDING FOR DEFINITIONS, FOR RURAL GROWTH FUNDS, FOR CLAIMING THE TAX CREDIT AND FOR REVOCATION OF TAX CREDIT CERTIFICATES; IN NEIGHBORHOOD ASSISTANCE TAX CREDIT, FURTHER PROVIDING FOR TAX CREDIT AND FOR GRANT OF TAX CREDIT; PROVIDING FOR 529 SAVINGS ACCOUNT EMPLOYER MATCHING CONTRIBUTION TAX CREDIT AND FOR EMPLOYER CHILD CARE CONTRIBUTION TAX CREDIT; IN COMPUTER DATA CENTER EQUIPMENT INCENTIVE PROGRAM, FURTHER PROVIDING FOR DEFINITIONS AND FOR SALES AND USE TAX EXEMPTION; PROVIDING FOR TUITION ACCOUNT PROGRAMS; AND MAKING AN EDITORIAL CHANGE.

AI Summary

Committee Categories

Camera Bartolotta (R)*,  Lisa Baker (R),  Cris Dush (R),  Scott Hutchinson (R),  Tracy Pennycuick (R),  Greg Rothman (R),  Judy Schwank (D),  Elder Vogel (R),  Gene Yaw (R), 

Act No. 56 of 2024 (on 07/11/2024)

Official Document