Pennsylvania HB1754 amends the definition of "compensation" in personal income tax to clarify what is included and excluded.

Pennsylvania HB1754 amends the definition of "compensation" in personal income tax to clarify what is included and excluded. It specifies that compensation includes salaries, wages, commissions, bonuses, fees, and tips. It excludes certain payments such as those for sickness and disability, workmen's compensation, old age or retirement benefits, and public assistance. The bill also updates the reference to the Internal Revenue Code of 1986. This act will take effect in 60 days.

Pennsylvania HB1754 amends the definition of "compensation" in personal income tax to clarify what is included and excluded.

Pennsylvania HB1754 amends the definition of "compensation" in personal income tax to clarify what is included and excluded. It specifies that compensation includes salaries, wages, commissions, bonuses, fees, and tips. It excludes certain payments such as those for sickness and disability, workmen's compensation, old age or retirement benefits, and public assistance. The bill also updates the reference to the Internal Revenue Code of 1986. This act will take effect in 60 days.