Bill > HB833

This bill proposes a constitutional amendment to Pennsylvania's tax structure that would impose an additional 4% tax on annual taxable income exceeding $1,000,000. The tax increase would apply specifically to high-income residents, with the $1,000,000 threshold to be adjusted annually for cost of living using the same method applied to federal income tax brackets. The bill also outlines the procedural steps for implementing this constitutional amendment, which requires passage by the General Assembly in two consecutive legislative sessions. After the second passage, the Secretary of the Commonwealth must advertise the proposed amendment and then submit it to qualified voters at the first general election that meets the constitutional requirements for such amendments. This proposed change aims to create a higher tax rate for Pennsylvania's highest-income taxpayers, potentially generating additional state revenue while implementing a more progressive tax structure.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=833