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Bill > HB1742

PA HB1742

PA HB1742
In personal income tax, further providing for special tax provisions for poverty.

summary

Introduced
10/03/2023
In Committee
09/23/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

Potential new amendment
2023-2024 Regular Session

Bill Summary

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 special tax provisions for poverty.

AI Summary

This bill amends the Tax Reform Code of 1971 to increase the income thresholds for special tax provisions related to poverty. Specifically, it raises the poverty income limit for an individual from $6,500 to $10,000, and for a married couple from $13,000 to $20,000. The bill also provides for annual cost-of-living adjustments to these income limits based on the Consumer Price Index for the Pennsylvania, New Jersey, Delaware, and Maryland area. The purpose of these changes is to provide additional tax relief to individuals and families living in poverty.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Laid on the table (on 09/23/2024)

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