Pennsylvania HB1364 transfers 6.15% of tax revenue to the Public Transportation Trust Fund and allows increases in funding for local transportation.
Pennsylvania HB1364, known as the Public Transportation Trust Fund Transfer and Increase Act, mandates that 6.15% of the amount collected under Article II of the Tax Reform Code be deposited into the Public Transportation Trust Fund annually. This transfer occurs by the 20th day of each month for the preceding month. The bill also allows local transportation organizations to exceed a 20% increase in their prior year allocation.
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