Pennsylvania 2023-2024 Regular Session

Pennsylvania Senate Bill SB1149

Introduced
4/22/24  
Refer
4/22/24  
Refer
5/8/24  
Report Pass
6/3/24  
Engrossed
6/4/24  

Caption

In personal income tax, further providing for classes of income.

Impact

The implications of SB1149 are significant as they would modify existing laws pertaining to the state’s personal income tax. By potentially introducing new categories or adjusting existing ones, the bill could affect the taxable income for various groups, leading to changes in overall revenue generation for the state. This could have a direct impact on budget allocations for public services, depending on the resulting tax base and revenue collected under the new classification framework.

Summary

SB1149 addresses the personal income tax structure in the state by proposing changes in the classification of income types subject to taxation. The intent of the bill is to refine and clarify the tax code, ensuring that it reflects contemporary economic realities and the diversity of income sources across the state's population. By adjusting tax classification, the bill aims to promote fairness and simplicity in the taxation process, benefiting both tax administrators and taxpayers.

Sentiment

Initial sentiment surrounding SB1149 appears to be overwhelmingly supportive, with a unanimous passage during the recent Senate vote (50-0). Proponents argue that the proposed changes will create a more equitable and sensible tax code that can adapt to evolving income situations. However, there may also be dissenting voices concerned about the implications this bill could have on specific income groups and whether the adjustments will truly lead to the intended fairness.

Contention

Notable points of contention regard the specifics of how new classifications will be determined and applied. Critics may express concerns regarding the potential for inequities that could arise from the changes, especially if certain demographics become disproportionately affected by new tax regulations. The challenge lies in balancing the objectives of refining the tax code while also ensuring that all taxpayers are treated equitably, without inadvertently creating new burdens or disadvantages.

Companion Bills

No companion bills found.

Previously Filed As

PA HB2008

In personal income tax, further providing for classes of income.

PA HB2179

In personal income tax, further providing for classes of income.

PA SB1209

In personal income tax, further providing for classes of income.

PA HB2270

In personal income tax, further providing for classes of income.

PA SB124

In personal income tax, further providing for classes of income.

PA SB468

In personal income tax, further providing for classes of income.

PA SB392

In personal income tax, further providing for classes of income.

PA HB218

In personal income tax, further providing for classes of income.

PA SB722

In personal income tax, further providing for classes of income.

PA HB2516

In personal income tax, further providing for classes of income.

Similar Bills

No similar bills found.