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Bill > HB1126


PA HB1126

PA HB1126
In personal income tax, further providing for classes of income; in corporate net income tax, further providing for definitions; and providing for personal health investment tax credit.


summary

Introduced
04/03/2025
In Committee
04/03/2025
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; in corporate net income tax, further providing for definitions; and providing for personal health investment tax credit.

AI Summary

This bill introduces several tax-related provisions focused on supporting military personnel and promoting fitness activities. Specifically, the bill creates a tax deduction for fitness facilities that provide free or discounted memberships to qualified individuals, which include active-duty military personnel, Pennsylvania National Guard members, and reserve component armed forces members. The bill also establishes a new Personal Health Investment Tax Credit that allows qualifying individuals to claim up to $600 per year in tax credits for sports and fitness expenses, such as fitness facility memberships, physical exercise programs, and related equipment. The tax credit can be applied directly against the taxpayer's tax liability but cannot be carried over, refunded, sold, or transferred. Importantly, these provisions will only apply to taxable years beginning after December 31, 2026. The bill aims to provide financial incentives for fitness and support for military service members by offering tax benefits to both fitness facilities and qualifying individuals. The Department of Revenue will be responsible for publishing guidelines and creating regulations to implement these new tax provisions.

Committee Categories

Military Affairs and Security

Sponsors (16)

Last Action

Laid on the table (on 04/08/2025)

bill text


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