This bill allocates $2,037,000 from the Philadelphia Taxicab and Limousine Regulatory Fund to the Philadelphia Parking Authority for the fiscal year running from July 1, 2026, to June 30, 2027. The funding is intended to support the operations of the Parking Authority during this period. The money comes from a specific fund that collects regulatory fees from taxis and limousines operating in Philadelphia. The bill takes effect on July 1, 2026, or immediately if that date has already passed.
This bill allocates state gaming funds to four Pennsylvania agencies for the 2026-2027 fiscal year, including money to cover unpaid bills from the previous year. It distributes specific amounts from restricted gaming revenue accounts to the Attorney General, Department of Revenue, Pennsylvania State Police, and Pennsylvania Gaming Control Board to cover salaries, wages, and operational expenses related to gaming oversight and enforcement. The legislation also prohibits transferring funds between these specific appropriations and takes effect on July 1, 2026.
This bill amends Pennsylvania's Local Economic Revitalization Tax Assistance Act to clarify and expand the types of properties eligible for tax exemptions in economically depressed areas. It specifically broadens the definition of "deteriorated property" to include industrial, commercial, and other business properties, as well as government-owned sites like schools that are located in designated distressed zones or have been ordered vacated or demolished. The legislation also introduces new definitions for terms such as "converted residential portion" and "mixed-use building" to better guide local governments in identifying eligible sites. Under the updated rules, local taxing authorities must hold a public hearing to establish the boundaries of these deteriorated areas before granting tax relief for improvements or new construction within them.
SB 576 amends Pennsylvania's tax code for mutual thrift institutions, such as credit unions, by adjusting their annual tax rates on taxable net income. Starting in 2025, the tax rate will gradually decrease from 7.95% to 4.99% over seven years, with specific rates set for each year through 2031. The bill also revises the net loss carryover rule, allowing institutions to deduct losses from the previous ten years (instead of three) when calculating current tax, but the deduction cannot exceed the current year's net income. Mutual thrift institutions must report and pay taxes annually by April 15 under these updated rules.
This Senate resolution establishes temporary rules for the Pennsylvania Senate to manage how budget amendments are handled during the 2026 legislative session. It restricts floor amendments to the state's budget bills to only the second and third readings, ensuring that any proposed spending changes do not increase the total budget unless they are fully offset by reductions elsewhere to maintain a balanced budget. Additionally, the rule requires that multi-bill amendments include a specific statement explaining how they achieve financial balance. These guidelines will remain in effect until the General Appropriation Act for the fiscal year starting July 1, 2026, is officially passed.
SB 803, the First-Time Homebuyer Savings Account Act, creates a program allowing Pennsylvania residents who have never owned a home (first-time homebuyers) to open tax-advantaged savings accounts. The Treasury Department will administer the program using existing structures (like the ABLE Program), enabling account holders to save for down payments and closing costs on single-family homes. Funds in the accounts can only be used for eligible home purchase expenses, with the program funded by account contributions and earnings - not state debt. This bill directly affects first-time homebuyers seeking to save for homeownership within Pennsylvania.
SB 64 creates an official logotype for veteran-owned businesses in Pennsylvania (defined as businesses where veterans own at least 51% of the interest). Businesses can apply to use the logotype through a department process, with a $250 fee and optional contributions to the Military Family Relief Assistance Fund. The fund, established under existing law, will use these fees and contributions to support military families. The bill also imposes penalties for falsely claiming veteran status to use the logotype. It directly affects veteran-owned businesses and funds military family relief programs.
SB 614 amends Pennsylvania's Fiscal Code to establish a state-funded initiative supporting workforce development for Federally Qualified Health Centers (FQHCs), which are community health centers serving rural and underserved areas. The bill directly affects FQHCs by providing funding to recruit and retain primary care staff, addressing documented shortages in these facilities. Key provisions include creating a dedicated funding stream within the state budget specifically for FQHC workforce expansion, with appropriations to cover hiring and training costs. This policy change aims to strengthen primary care access in communities with limited healthcare resources through targeted financial support.
SB 979 would prevent property tax increases for minor home improvements (20% or less of a property’s current assessed value) on primary residences under specific conditions. The bill prohibits assessors from raising taxes if the home has been the owner’s primary residence for at least five years from the improvement date and this is the first time such minor improvements have been made during ownership. It also explicitly excludes normal repairs and painting from triggering tax reassessments. This bill directly affects homeowners in Pennsylvania making small renovations to their primary homes.
SB 124 (Pennsylvania's Tax Reform Code amendment) allows Pennsylvania taxpayers to deduct up to $10,000 in unreimbursed expenses related to donating a human organ (such as liver, kidney, or bone marrow) for transplantation. The deduction covers travel, lodging, lost wages, and medical costs incurred during the donation, but only for the tax year the transplant occurred and only once per lifetime. It does not apply to tax years before 2025 and cannot reduce taxable income below zero. This provision directly affects individuals who donate organs and seek tax relief for associated costs.
