Bill > HB1092

This bill establishes the Taxpayer Dividend Program in Pennsylvania, which aims to return a portion of the state's budget surplus to taxpayers. The program is designed to distribute funds from the General Fund and Budget Stabilization Reserve Fund (commonly known as the Rainy Day Fund) to resident individual taxpayers who filed and paid their 2024 state taxes. The bill highlights that the state has accumulated a significant surplus of approximately $6.4 billion and argues that instead of spending this money on expanded government programs, a portion should be returned directly to taxpayers. The dividend amount will be calculated by dividing the total appropriated funds by the number of eligible taxpayers, with a maximum individual payment of $1,000. To receive the dividend, taxpayers must have timely filed and paid their 2024 state taxes. The State Treasurer will disburse payments either by mailed check or direct electronic transfer if banking information is available. The Treasury Department is required to publish a report detailing the total amount distributed and the number of taxpayers who received payments. The program is set to take effect immediately for the 2025-2026 fiscal year, with specific provisions for how funds can be appropriated from the General Fund and Budget Stabilization Reserve Fund.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1092