Bill
Bill > SB392
summary
Introduced
03/06/2025
03/06/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 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 classes of income.
AI Summary
This bill amends Pennsylvania's Tax Reform Code to allow homeowners to deduct real property taxes that exceed the federal tax deduction limit on their state personal income tax returns. Specifically, the bill defines key terms like "homestead" (an owner-occupied primary residence and its land) and "real property tax" (total property tax imposed by a school district), and establishes that taxpayers can deduct additional property taxes beyond the federal limit. The deduction cannot reduce taxable income below zero, and it applies only to the portion of a property used as a primary residence. The new tax deduction will take effect for taxable years beginning after December 31, 2025, providing homeowners with an additional method to reduce their state tax liability by accounting for property taxes that are not fully deductible under federal tax rules.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Finance (on 03/06/2025)
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