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

HB 217 amends Pennsylvania's tax code to require businesses to deduct start-up costs (like initial expenses for new ventures) entirely in the year incurred, rather than spreading deductions over multiple years as permitted under federal rules. This change affects new businesses and entrepreneurs with start-up expenses by altering how they calculate state personal income tax. The bill also allows business net losses to offset other income in the same tax year. These provisions apply to tax years beginning after December 31, 2025.