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 classes of income.

Summary

This bill amends Pennsylvania's Tax Reform Code of 1971 to change how the state categorizes classes of income for the personal income tax. It affects Pennsylvania residents who pay state income tax, as changes to income classifications could alter what types of earnings are taxed. The legislation matters because it could impact state revenue and individual tax liabilities depending on how income is defined.

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