An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in insurance premiums tax, further providing for imposition of tax.

HB 1865 increases Pennsylvania's tax rate on insurance premiums from 2.8% to 8% for insurance companies operating within the state. The change applies to calendar years beginning in 2026, directly affecting all insurance companies collecting premiums in Pennsylvania. The bill amends Section 902(a) of the Tax Reform Code of 1971 to implement this rate increase without additional provisions. This policy change raises the tax obligation for insurers but does not alter the scope of businesses subject to the tax.