HB2201

Pennsylvania HB2201 amends the personal income tax to introduce a physical health improvement tax credit for qualified sports and fitness expenses.

HB2201 amends the personal income tax to allow a tax credit for qualified sports and fitness expenses. A resident individual taxpayer can claim a credit up to $500, or $1,000 for joint filers. The credit applies to expenses for participating in physical activities, excluding videos, books, remote instruction, and one-on-one personal training. The credit cannot be refunded, carried forward, or backward to other taxable years. The Department of Revenue will establish necessary forms for administration. The changes apply to taxable years beginning after December 31, 2024.