Pennsylvania legislation · 2025-2026 Regular Session
Pennsylvania HB2340: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in malt beverage tax, further providing for limited tax credits.
Status: Passed one chamber, May 20, 2026
What the bill says
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 malt beverage tax, further providing for limited tax credits.
From the introduced text, April 2, 2026:
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 malt beverage tax, further providing for limited tax credits. The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows: Section 1. Section 2010(b) and (e) of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, are amended and the section is amended by adding subsections to read: Section 2010. Limited Tax Credits.--* * * (b) As used in this section: "Amounts paid." The phrase means (i) amounts actually paid, or (ii) at the taxpayer's election, amounts promised to be paid under firm purchase contracts actually executed during any calendar year falling within the effective period of this section: Provided, however, That there shall be no duplication of "amounts paid" under this definition. "Effective period." The period from January 1, 1974, to December 31, 2008, and the period after June 30, 2017, inclusive. "Purchaser." A person who purchases a tax credit from a taxpayer. "Qualifying capital expenditures." Amounts paid …