PA
Pennsylvania House Bill HB162

Pennsylvania 2023-2024 Regular Session

Pennsylvania House Bill HB162

Introduced
4/24/23  

Caption

In gross receipts tax, further providing for imposition of tax.

Impact

If enacted, HB 162 is expected to modernize Pennsylvania's approach to taxation of electric utilities, ensuring that tax calculations accommodate contemporary circumstances, including the economic impacts of natural disasters on energy production. Additionally, the bill underscores that any tax reductions from these amendments should benefit consumers, mandating that utility companies pass on savings in the form of reduced tax surcharges. Failure to do so may result in civil penalties, reflecting a legislative intent to protect consumer interests while reforming revenue generation mechanisms.

Summary

House Bill 162 proposes amendments to the Pennsylvania Tax Reform Code of 1971, specifically concerning the imposition of gross receipts tax on electric light, waterpower, and hydro-electric utilities. The amendments aim to adjust the tax structure for these utilities, updating rules surrounding gross receipts and tax implications for various scenarios such as natural disasters affecting power generation facilities. The bill delineates specific methods for calculating gross receipts and outlines the responsibilities of utility companies in reporting their revenues to the Pennsylvania Department of Revenue.

Sentiment

The sentiment surrounding HB 162 is generally supportive among lawmakers aligning with utility interests and consumer protection advocates. Supporters argue that the bill will create a fairer and more equitable taxation system for utilities, which can ultimately benefit consumers through reduced costs. Conversely, concerns have been raised by some stakeholders regarding the implications of how gross receipts are calculated and the potential impact on utility company revenues, suggesting a need for balanced consideration of all affected parties in the taxation framework.

Contention

A point of contention expressed during discussions about HB 162 revolves around the appropriate balance between adequate taxation of utilities and the potential burden that may be placed on consumers in the form of increased utility rates. Critics of the bill may argue that while it aims to provide tax relief and consumer benefits, it may inadvertently lessen the revenue generated for state programs dependent on these taxes. The challenge will be ensuring that the reform does not negatively affect public services funded by these revenues while supporting a fair taxation landscape for utility companies.

Latest PA HB162 Activity

View All Events: PA 2023-2024 Regular Session HB162

Companion Bills

No companion bills found.

Previously Filed As

PA HB2388

In personal income tax, further providing for imposition of tax; in gross receipts tax, further providing for imposition of tax, providing for transfers to Alternative Fuels Incentive Fund and further providing for establishment of revenue-neutral reconciliation; eliminating the tax imposed upon each dollar of the gross receipts received from the sales of electric energy; providing for the benefit of consumers and for a civil penalty; and making a repeal.

PA SB269

In personal income tax, further providing for imposition of

PA HB1678

In gross receipts tax, further providing for imposition of tax.

PA HB1138

In sales and use tax, further providing for definitions and for imposition of tax; and, in gross receipts tax, further providing for imposition of tax.

PA HB164

In sales and use tax, further providing for definitions, for imposition of tax and for exclusions from tax; and, in gross receipts tax, further providing for imposition of tax.

PA HB1064

Further providing for definitions, for creation of tax increment districts and approval of project plans and for financing of project costs.

PA HB323

Change Name Of Gross Receipts Tax

PA SB656

In general provisions, further providing for definitions; in liquid fuels and fuels tax, further providing for definitions and for imposition of tax, exemptions and deductions and providing for electric vehicle road user charge; and imposing a penalty.

PA SB161

In corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax and for consolidated reports; and, in general provisions, further providing for underpayment of estimated tax.

PA HB1550

In corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax and for consolidated reports; and, in general provisions, further providing for underpayment of estimated tax.

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In sales and use tax, further providing for definitions and for imposition of tax; and, in gross receipts tax, further providing for imposition of tax.

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