PA
Pennsylvania House Bill HB1773

Pennsylvania 2023-2024 Regular Session

Pennsylvania House Bill HB1773

Introduced
10/19/23  

Caption

In personal income tax, further providing for imposition of tax and for amount of withholding tax.

Impact

If enacted, HB 1773 could have significant implications for state laws governing taxation. It may revise current standards for the withholding tax, thereby affecting how much individuals and businesses are required to withhold from their income for state tax purposes. Such changes could impact state revenue, potentially leading to either an increase or decrease in funds available for public services depending on the adjustments made. This bill's implementation would consequently necessitate changes in payroll processes across numerous organizations and could influence personal financial planning for a broad segment of the population.

Summary

House Bill 1773 focuses on provisions related to personal income tax, specifically addressing the imposition of tax and the amount of withholding tax required from taxpayers. The bill aims to clarify and possibly amend existing tax regulations to ensure compliance and efficient revenue collection for the state. By targeting the mechanisms of tax collection, this bill seeks to optimize the process to benefit both the state and the taxpayers involved, potentially leading to a more streamlined system.

Sentiment

The sentiment around HB 1773 appears to vary, with some advocates supporting the bill for its potential to simplify tax processes and improve compliance. Supporters believe that clearer guidelines around withholding tax could enhance taxpayer understanding and lead to better adherence to tax obligations. Conversely, there may be concerns among certain stakeholders regarding the implications the bill could have on overall tax burdens, particularly among lower-income brackets, suggesting a divergence in opinions depending on economic perspectives.

Contention

Discussions around HB 1773 may highlight points of contention, especially concerning how the changes in tax policy could affect various demographic groups. Critics may argue that alterations to withholding tax could disproportionately burden lower-income earners, while supporters may counter that improved compliance mechanisms benefit all taxpayers. The balance between adequate state funding and fair taxation practices is likely to be a central theme in debates surrounding this legislation.

Latest PA HB1773 Activity

View All Events: PA 2023-2024 Regular Session HB1773

Companion Bills

No companion bills found.

Previously Filed As

PA HB166

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

PA SB269

In personal income tax, further providing for imposition of

PA SB206

In personal income tax, further providing for imposition of tax, for when withholding not required, for returns and liability and for return of Pennsylvania S corporation.

PA HB1636

In personal income tax, further providing for imposition of tax and for taxability of estates, trusts and their beneficiaries.

PA SB815

In personal income tax, further providing for imposition of tax and for taxability of estates, trusts and their beneficiaries; and, in corporate net income tax, further providing for manufacturing innovation and reinvestment deduction.

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 HB1703

In personal income tax, further providing for definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners, for income of a Pennsylvania S corporation and for income taxes imposed by other states.

PA HB1584

In personal income tax, further providing for definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners, for income of a Pennsylvania S corporation and for income taxes imposed by other states.

PA SB659

In personal income tax, further providing for definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners and for income of a Pennsylvania S corporation.

PA SB396

In personal income tax, further providing for definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners and for income of a Pennsylvania S corporation.

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