Finance 2025-2026

Visit Website →    View Committee Calendar →

The Senate Finance Committee met on Tuesday, June 24, 2025 to consider the following bills: 

Reported as Committed:

SB 844 (Farry) – This legislation amends the Fiscal Code to provide for the disposition of abandoned and unclaimed property, specifically allowing the State Treasury to return unclaimed property valued less than $10,000 to a person identified as the sole owner.

• The bill was approved by a unanimous vote.

Reported as Amended:

SB 474 (Phillips-Hill) – This bill would create the Commonwealth Zero-Based Budgeting Act to subject state programs to a zero-based budgeting review requirement once every five years.

• Sen. Hutchinson offered Amendment A01123 to make technical changes to delay ZBB requirements by one year. The amendment was adopted by a vote of 7-4.
• The bill as amended was approved by a vote of 7-4.

HB 1189 PN 1870 (Bizzarro) – This legislation amends the Fiscal Code to provide for the disposition of abandoned and unclaimed property, specifically allowing the State Treasury to return unclaimed property valued less than $10,000 to a person identified as the sole owner. In addition, the bill removes Section 1724-H from the Fiscal Code, which is currently preventing DEP from spending Federal funds appropriate for IRA-Solar For All.

• Sen. Hutchinson motioned to revert the bill to PN 1337.  This change removed the language related to Solar For All.  The motion was approved by a vote of 7-4.
• HB 1189 PN 1337 was approved by a vote of 10-1.

The Senate Finance Committee met on Tuesday, June 10, 2025 to consider the following bills: 

Reported as Committed:

HB 416 (Waxman) – This legislation amends the Tax Reform Code to exempt income received by a Holocaust survivor as part of Holocaust reparations from the Pennsylvania personal income tax. The bill was approved by a unanimous vote.

SB 527 (Farry) – This bill amends the Local Tax Enabling Act and repeals the Sterling Act of 1932. The bill places Philadelphia’s taxing authority in the Local Tax Enabling Act, place new limits on who and when wage earners are subject to the tax, and requires Philadelphia to “reimburse” resident school districts and municipalities under a regulatory framework created by DCED and PDE. The bill was approved by a vote of 8-3.

The Senate Finance Committee met on Tuesday, April 1, 2025 to consider the following bills: 

Reported as Committed:

Senate Bill 253 (Mastriano) – Amends the Tax Reform Code by creating an income tax credit for Pennsylvania resident partners who incur pass-through entity taxes in other jurisdictions. The bill was approved by a vote of 9-2.

Senate Bill 323 (Argall) – Amends Title 64 by establishing the Keystone National Finance Authority.  The bill was approved by a vote of 10-1.

Reported as Amended:

Senate Bill 396 (Mastriano) – Amends the Tax Reform Code by creating a new elective tax imposed at the pass-through entity level that would facilitate federal deductibility of state income taxes.

• Amendment A00266 (Hutchinson) – The amendment establishes procedures for pass-through entities to elect into new tax treatment, provides guidelines for amended tax returns and adjust filing deadline and documentation requirements to utilize the tax credit.

The amendment was approved by a vote of 10-1. The bill as amended was approved by a vote of 9-2.

The Senate Finance Committee met on Wednesday, March 26, 2025 to consider the following bills:

Reported as Committed:

SB 207 (Rothman) – This legislation proposes a reduction of the Corporate Net Income Tax rate from the current 7.99% to 4%, beginning Jan. 1, 2026.  The bill was approved by a vote of 7-4.

SB 211 (Brooks) – This legislation would allow Pennsylvanians to donate all or a portion of their state income tax return to the Office of the State Fire Commissioner, for use in supporting the grant programs administered by that office.  The bill was unanimously approved.

SB 473 (Phillips-Hill) –  This legislation provides for an expansion to the Sales and Use Tax Vendor Discount, and replacing the existing dollar amount cap with a percentage calculation.  The bill was approved by a vote of 8-3.