Pennsylvania legislation · 2025-2026 Regular Session
Pennsylvania HB2870: 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 definitions and for computation of tax and providing for transfer to the State accumulation account of the Public School Employees' Retirement System.
Status: In committee, October 28, 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…
From the introduced text, October 28, 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 sales and use tax, further providing for definitions and for computation of tax and providing for transfer to the State accumulation account of the Public School Employees' Retirement System. The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows: Section 1. Section 201 of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended by adding a subsection to read: Section 201. Definitions.--The following words, terms and phrases when used in this Article II shall have the meaning ascribed to them in this section, except where the context clearly indicates a different meaning: * * * (vvv) "Exact tax amount." An amount computed by multiplying the purchase price by the tax rate imposed under section 202(a) and rounding the total to the nearest hundredth (0.01) using standard rounding procedures. Section 2. Section 203 of the act is amended to read: Section 203. Computation of Tax.--[The amount of …