summary
Introduced
05/12/2025
05/12/2025
In Committee
05/12/2025
05/12/2025
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 sales and use tax, further providing for time for filing returns.
AI Summary
This bill modifies the Tax Reform Code of 1971 regarding sales and use tax filing requirements for certain licensees. Specifically, it extends a temporary provision related to monthly tax return filing from September 30, 2012, to October 1, 2025, for businesses with a tax liability between $25,000 and $100,000 in the previous year's third calendar quarter. Under this provision, these licensees can file monthly returns by either paying 50% of their tax liability from the same month in the previous year (or an average of their previous tax periods if they were not a monthly filer) or paying an amount equal to or greater than 50% of their current month's actual tax liability. The bill provides flexibility for businesses that are new or have variable tax liabilities, allowing them to calculate their monthly payments based on their specific circumstances. The changes will take effect 60 days after the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (6)
Jarrett Coleman (R)*,
Camera Bartolotta (R),
Dawn Keefer (R),
Kristin Phillips-Hill (R),
Greg Rothman (R),
Pat Stefano (R),
Last Action
Referred to FINANCE (on 05/12/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...