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HB1414 • 2025

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
KOZAK
Last action
2025-05-06
Official status
Referred to FINANCE, May 6, 2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

What This Bill Does

  • An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-06 FINANCE

    Referred to FINANCE, May 6, 2025

Official Summary Text

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

Current Bill Text

Read the full stored bill text 
PRINTER'S NO. 1615
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1414
Session of
2025
INTRODUCED BY KOZAK, BERNSTINE, KAUFFMAN, MARCELL, MOUL,
T. JONES, COOPER, RIVERA, SHAFFER, GAYDOS, TWARDZIK, ROWE,
GILLEN AND DAVANZO, MAY 5, 2025
REFERRED TO COMMITTEE ON FINANCE, MAY 6, 2025
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in corporate net income tax, further providing
for imposition of tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 402(b) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
to read:
Section 402. Imposition of Tax.--* * *
(b) The annual rate of tax on corporate net income imposed
by subsection (a) for taxable years beginning for the calendar
year or fiscal year on or after the dates set forth shall be as
follows:
Taxable Year Tax Rate
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January 1, 1995,
through December
31, 2022 9.99%
January 1, 2023,
through December
31, 2023 8.99%
January 1, 2024,
through December
31, 2024 8.49%
January 1, 2025,
through December
31, 2025 7.99%
January 1, 2026,
through December
31, 2026 [7.49%] 6.99%
January 1, 2027,
through December
31, 2027 [6.99%] 5.99%
January 1, 2028,
[through December
31, 2028] and each
taxable year
thereafter [6.49%] 4.99%
[January 1, 2029,
through December
31, 2029 5.99%
January 1, 2030,
through December
31, 2030 5.49%
January 1, 2031, and
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each taxable year
thereafter 4.99%]
* * *
Section 2. This act shall take effect immediately.
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