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.

This bill amends Pennsylvania's Tax Reform Code to provide a financial discount to businesses that file sales and use tax returns and pay their taxes on time. The discount is calculated based on the amount of tax collected, with specific dollar amounts per return depending on whether the business files monthly, quarterly, or semiannually, or a percentage of the total tax collected. Directly affecting licensed tax collectors, the measure serves as compensation for the costs of collecting and remitting taxes. The law will become effective 60 days after it is signed into law.