Bill > HB1316

This bill modifies the Tax Reform Code of 1971 regarding sales and use tax return filing requirements, specifically updating the timeline and payment procedures for different categories of licensees based on their tax liability. The bill introduces new provisions for licensees with varying levels of annual tax liability (under $600, between $600-$25,000, between $25,000-$100,000, and over $100,000), establishing specific filing and payment schedules for each group. For licensees with higher tax liabilities (between $25,000-$100,000 and over $100,000), the bill requires monthly returns with a two-part payment system: the first part is a prepayment of approximately 50% of the expected tax liability, and the second part is the remaining tax due from the previous month. The bill also grants the Department of Revenue the authority to determine payment submission methods, potentially requiring electronic filing, and introduces a potential 5% penalty for late or insufficient payments. These changes aim to improve tax collection efficiency and provide more structured reporting requirements for different business sizes. The bill will take effect 60 days after its enactment.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1316