Pennsylvania HB1001 exempts from personal income tax any compensation received due to the Med Jets Flight 056 plane crash.
Pennsylvania HB1001 amends the Tax Reform Code of 1971 to exclude from personal income tax any amount received from the Federal or State Government or Jet Rescue Air Ambulance, or an agent thereof, as a result of the Med Jets Flight 056 plane crash that occurred in Philadelphia, Pennsylvania, on January 31, 2025. This change applies specifically to compensation related to the crash, ensuring it is not considered taxable income. The act will take effect 60 days after its enactment.
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