Pennsylvania 2023-2024 Regular Session

Pennsylvania House Bill HB2625

Introduced
10/8/24  
Refer
10/8/24  
Refer
10/21/24  
Report Pass
10/22/24  
Engrossed
10/22/24  

Caption

Providing for Public Transportation Trust Fund transfers and increases.

Impact

The legislation has notable implications for state laws governing transportation funding. By establishing a dedicated source of revenue for the Public Transportation Trust Fund, HB2625 aims to enhance the financial assistance provided to local transportation organizations, allowing them to exceed their previous year's allocations by up to 20%. This increase is intended to help meet the growing demands for public transportation services and improve overall accessibility for residents.

Summary

House Bill 2625, also known as the Public Transportation Trust Fund Transfer and Increase Act, proposes significant changes to the funding structure for public transportation within Pennsylvania. The bill mandates that a specific percentage (6.15%) of the revenue collected through the Tax Reform Code be allocated to the Public Transportation Trust Fund monthly. This consistent funding is aimed at providing a more stable financial foundation for local transportation organizations, ensuring they can effectively operate and maintain public transit systems across the state.

Sentiment

The sentiment surrounding HB2625 appears largely positive, especially among advocacy groups and transportation stakeholders who view the bill as a necessary step towards revitalizing public transit infrastructure. Supporters argue that it will lead to better service delivery and increased ridership. However, there may also be concerns from budget-conscious legislators regarding the potential long-term sustainability of increased allocations and whether this funding source can be reliably maintained amidst fluctuating tax revenues.

Contention

Notable points of contention regarding HB2625 include discussions on the long-term impact of increased financial commitments on the state's budget and the adequacy of the tax revenue earmarked for transportation funding. While proponents argue that the bill ensures better transportation funding stability, opponents may question the movement away from a more diversified funding approach that relies solely on a fixed percentage of tax revenue, deeming it insufficient in addressing the comprehensive needs of public transportation in the face of future uncertainties.

Companion Bills

No companion bills found.

Previously Filed As

PA SB711

Providing for Public Transportation Trust Fund transfers and increases.

PA HB1364

Providing for Public Transportation Trust Fund transfers and increases; establishing the Road and Bridge Project Fund and the Road and Bridge Project Sinking Fund; authorizing the Commonwealth Financing Authority to issue bonds for road and bridge projects; providing for allocation adjustment; establishing the Transportation Funding Advisory Commission; and imposing duties on the Department of Transportation.

PA SB654

In sales and use tax, further providing for

PA HB1307

In taxation for public transportation, further providing for local financial support; and, in fees, further providing for fee for local use.

PA HB1146

In taxation for public transportation, further providing for local financial support; and, in fees, further providing for fee for local use.

PA HB1219

In personal income tax, further providing for classes of income and for special tax provisions for poverty and providing for alternative special tax provisions for poverty; in corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax, for consolidated reports and for manufacturing innovation and reinvestment deduction; in realty transfer tax, further providing for transfer of tax; in tax credit and tax benefit administration, further providing for definitions; in entertainment production tax credit, further providing for definitions, for credit for qualified film production expenses, for carryover, carryback and assignment of credit and for limitations; in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, providing for biotechnology; in neighborhood assistance tax credit, further providing for tax credit and for grant of tax credit; providing for expanded neighborhood improvement zones; in Pennsylvania Child and Dependent Care Enhancement Tax Credit Program, further providing for credit for child and dependent care employment-related expenses; providing for Public Transportation Trust Fund; and, in general provisions, further providing for underpayment of estimated tax, for method of filing and for allocation of tax credits.

PA HB902

In transportation network companies, further providing for impoundment of vehicles, repealing provisions relating to assessment and providing for payment of assessment; in taxation for public transportation, further providing for local financial support; in fees, further providing for fee for local use; and imposing duties on the Department of Revenue and the Department of Transportation.

PA HB1649

Eliminating school district property taxes; imposing county and school district taxes; establishing the School District Emergency Fund and the School District Property Tax Elimination Fund; consolidating Articles II and III of the Tax Reform Code of 1971; in preliminary provisions relating to sales and use tax, providing for definitions; in taxation generally relating to sales and use tax, providing for exclusions and for transfer to county sales and use tax accounts; in preliminary provisions relating to personal income tax, providing for definitions; and making repeals.

PA HB1524

In Public Transportation Assistance Fund, further providing for Public Transportation Assistance Fund.

PA SB796

In Public Transportation Assistance Fund, further providing for Public Transportation Assistance Fund.

Similar Bills

No similar bills found.