An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in sales and use tax, further providing for discount.

PRINTER'S NO. 268
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 315
Session of
2025
INTRODUCED BY FRIEL, BURGOS, GIRAL, SANCHEZ, GUENST, HILL-EVANS,
McANDREW, McNEILL, GREEN, BOROWSKI, HARKINS, REICHARD AND
WEBSTER, JANUARY 23, 2025
REFERRED TO COMMITTEE ON FINANCE, JANUARY 23, 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 sales and use tax, further providing for
discount.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 227 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 227. Discount.--If a return is filed by a licensee
and the tax shown to be due thereon less any discount is paid
all within the time prescribed, the licensee shall be entitled,
as compensation for the expense of collecting and remitting the
tax and as a consideration of the prompt payment of the tax, to
credit and apply against the tax payable by the licensee a
discount of: [the lesser of:
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(1) one per cent of the amount of the tax collected; or
(2) as follows:
(i) twenty-five dollars ($25) per return for a monthly
filer;
(ii) seventy-five dollars ($75) per return for a quarterly
filer; or
(iii) one hundred fifty dollars ($150) per return for a
semiannual filer.]
(3) one per cent of the amount of the tax collected on the
first one million dollars ($1,000,000) of taxable revenue; and
(4) one-quarter per cent of the amount of the tax collected
on taxable revenue in excess of one million dollars
($1,000,000).
Section 2. This act shall take effect in 60 days.
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