An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in gross receipts tax, further providing for imposition of tax and for establishment of revenue-neutral reconciliation; and providing for reporting and for transfers.

Summary

The legislation adds a new gross receipts tax of 44 mills per dollar on sales of electricity, waterpower and hydro‑electric power within Pennsylvania, with limited exemptions. It creates a six‑month tax holiday after the law takes effect and requires utilities to reflect the tax reduction as a lower state surcharge on consumer bills, penalizing non‑compliance. The bill also sets reporting rules, keeps the overall tax rate revenue‑neutral, and ties a transfer to the Alternative Fuels Incentive Act.

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