An Act establishing the Taxpayer Dividend Program; imposing powers and duties on the State Treasurer and Department of Revenue; and providing for payment of certain taxpayer dividends.

This bill establishes a Taxpayer Dividend Program in Pennsylvania to refund a portion of state budget surpluses to resident individual taxpayers. The program would distribute funds from the General Fund and the Budget Stabilization Reserve Fund to individuals who filed and paid taxes for the 2023 tax year. Money taken from the General Fund is limited to the existing surplus, while withdrawals from the Rainy Day Fund require a two-thirds legislative vote and must leave at least 6% of the fund's value intact. The Department of Revenue is tasked with identifying eligible recipients and processing payments, with the goal of returning accumulated surplus money rather than using it for expanded government spending.