Pennsylvania HB1362 establishes a Taxpayer Dividend Program to refund surplus funds to taxpaying families.

Pennsylvania HB1362 creates the Taxpayer Dividend Program within the Treasury Department. This program refunds a portion of budget surpluses to taxpaying families. The Department of Revenue identifies eligible residents and determines dividend amounts. The State Treasurer disburses payments, either by check or automated clearinghouse transaction. The program is funded by appropriations from the General Fund, with limitations based on available surplus. A report on the program's outcomes is required by March 31, 2026.

Pennsylvania HB1362 establishes a Taxpayer Dividend Program to refund surplus funds to taxpaying families.

Pennsylvania HB1362 creates the Taxpayer Dividend Program within the Treasury Department. This program refunds a portion of budget surpluses to taxpaying families. The Department of Revenue identifies eligible residents and determines dividend amounts. The State Treasurer disburses payments, either by check or automated clearinghouse transaction. The program is funded by appropriations from the General Fund, with limitations based on available surplus. A report on the program's outcomes is required by March 31, 2026.