Pennsylvania HB22 amends the personal income tax definitions and classes of income.
Pennsylvania HB22 amends the personal income tax definitions and classes of income. It modifies the definition of "compensation" to include certain elective deferrals of income under the Internal Revenue Code. It also specifies that compensation does not include certain types of payments, such as those for sickness or disability, workmen's compensation, old age or retirement benefits, and public assistance. The bill further details classes of income, clarifying which payments are taxable and which are not. The changes take effect 60 days after the act's passage.
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