Legislative Accomplishments
2021-2022 Session
Act 10 of 2021 amends the Tax Reform Code of 1971, in personal income tax, providing for COVID-19 emergency finance and tax provision; and in corporate net income tax, further providing for reports and payment of tax and for extension of time to file returns. The legislation makes three important changes: 1). Changes the corporate tax due date to the 15th day of the month following the federal tax due date. 2). Addresses the inconsistency with this year’s local tax filing due date. 3). Makes a permanent change so that the local tax due date moves automatically when the feds and state move their due dates. Signed into law on April 22, 2021.
Act 1 of 2021 amends the Fiscal Code, in emergency COVID-19 response, establishing a recovery program, for emergency education relief, repealing provisions, establishing a grant program, for fund transfers and making appropriations. Includes a provision exempting income received from the federal Paycheck Protection Program from taxation under the state's Personal Income Tax. Signed into law on Feb. 5, 2021.
2019-2020 Session
Act 90 of 2019 amends the Tax Reform Code, in PIT, to establish a 10-year period for the Department of Revenue (DOR) to collect all assessed state taxes. It provides an exception for the inheritance tax and an exclusion from the sales and use tax for canned computer software used by a financial institution engaged in banking. It authorizes the DOR to enter into agreements with financial institutions and for institutions to share with the DOR bank account data for purposes of delinquent tax collections. The section relating to the time period for collection of assessed taxes took effect on Jan. 1, 2021.
Signed into law on Nov. 27, 2019.
Act 13 of 2019 stipulates that if the executor of an estate and the trustee of a trust make an election under Section 645 of the Internal Revenue Code to treat the income of the trust as part of the estate, the fiduciary may make and file a joint tax return for the estate and trust. If a joint return is filed, the tax liabilities of the estate and trust shall be joint and several. This provision applies to taxable years beginning after Dec. 31, 2019.
Signed into law on June 28, 2019.