Finance 2025-2026
The Senate Finance Committee met on Tuesday, June 23, 2026 to consider the following legislation:
HB 1667 (Takac) which amends the Tax Code to fix a technical error in the Rural Jobs and Investment Tax Credit Program that currently prohibits the Department of Community and Economic Development (DCED) from distributing the second round of $30 million in tax credits ($6 million over 5 years) to qualifying businesses. The General Assembly authorized this additional funding last session.
- Senator Hutchinson offered A03769, which was requested by DCED. The amendment removes outdated language and establishes deadlines for applications for credit-eligible capital contributions. The amendment passed 10-1 (Senator Muth).
- The bill was reported as amended 10-1 (Senator Muth)
The Senate Finance Committee met on Wednesday, June 3, 2026 to consider the following legislation:
HB 852 (Webster) – Amends the Local Tax Enabling Act to authorize tax collection entities to impose reasonable fees to recover costs incurred in collecting delinquent Mercantile, Business Privilege, Amusement, and Admissions Taxes.
- Senator Hutchinson offered A03002, to clarify that a notice must be provided before a tax collector may pursue an individual for their spouse’s delinquent taxes and requires the municipality to adopt and post a resolution notifying the public of the costs associated with the collection of delinquent taxes. The amendment was adopted unanimously.
- The bill as amended was reported unanimously from committee.
HB 853 (Webster) – Amends the Local Tax Collection Law to authorize tax collectors to impose reasonable fees to recover costs incurred in collecting delinquent Per Capita, Poll, and Occupation Taxes.
- Senator Hutchinson offered A02549, requires the taxing district to adopt and post a resolution notifying the public of the costs associated with the collection of delinquent taxes.
- The bill as amended was reported unanimously from committee.
SB 576 (Robinson) – Amends the Tax Reform Code to lower the mutual thrift institutions tax (MTIT) to 4.99% by 2031 and extends the carryforward period for net losses from 3 years to 10 years.
- Senator Hutchinson offered A03356 to lower the MTIT to 4.99% by 2033 and extends the carryforward period for net losses from 3 years to 6 years, which aligns SB 576 with its House companion, HB 788 (Merski). The amendment was adopted by a vote of 10-1 (Sen. Muth)
- The bill as amended was reported by a vote of 10-1 (Sen. Muth)
The Senate Finance Committee met on Wednesday, March 18, 2026 to consider the following bills:
Reported as Committed:
Senate Bill 100 (Brooks) – Amends the Tax Reform Code by establishing a family inheritance tax exemption of up to $100,000 that may be deducted from the value of property transferred to a member of the same family. The bill was approved by a unanimous vote.
Reported as Amended:
Senate Bill 124 (Culver/L. Williams) – Amends the Tax Reform Code to establish an income tax deduction of up to $10,000 for qualifying unreimbursed expenses incurred by a taxpayer or a taxpayer’s dependent in connection with an organ donation.
- Sen. Hutchinson offered Amendment A02648, which addresses circumstances where a transplant occurs in one calendar year and related expenses are incurred in the following calendar year. The amendment was approved by a unanimous vote.
- The bill as amended was approved by a unanimous vote.
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.
Senator Nick Pisciottano
Committee Chair