An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in personal income tax, further providing for imposition of tax.

Summary

The bill changes the state’s personal income tax code by establishing a 3.07% rate for most income before 2026 and a 9.07% rate for later years, with special lower rates for certain income classes. It also says that income earned by resident or non‑resident trusts is taxed to the grantor or owner under federal trust rules. The changes take effect immediately and the measure is currently referred to the House Finance Committee.

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