Pennsylvania HB2488 amends local tax rates and exemptions for earned income and net profits.

Pennsylvania HB2488 modifies the Local Tax Enabling Act, setting a maximum local services tax rate at $156. It allows political subdivisions to exempt individuals with total earned income and net profits below $15,600 from this tax. The bill also includes provisions for annual audits, collection of delinquent taxes, and penalties for tax evasion and disclosure of confidential information.

Pennsylvania HB2488 amends local tax rates and exemptions for earned income and net profits.

Pennsylvania HB2488 modifies the Local Tax Enabling Act, setting a maximum local services tax rate at $156. It allows political subdivisions to exempt individuals with total earned income and net profits below $15,600 from this tax. The bill also includes provisions for annual audits, collection of delinquent taxes, and penalties for tax evasion and disclosure of confidential information.