Pennsylvania SB1314 amends personal income tax rates for residents and nonresidents.

Pennsylvania SB1314 modifies the personal income tax rates for residents and nonresidents. It sets a tax rate of 3.7% for residents and nonresidents on certain income classes starting from taxable years after December 31, 2025. For residents, the tax rate increases to 9.7% for other income classes, also effective for taxable years after December 31, 2025. The bill applies to estates and trusts, with specific provisions for nonresident trusts from sources within Pennsylvania.

Pennsylvania SB1314 amends personal income tax rates for residents and nonresidents.

Pennsylvania SB1314 modifies the personal income tax rates for residents and nonresidents. It sets a tax rate of 3.7% for residents and nonresidents on certain income classes starting from taxable years after December 31, 2025. For residents, the tax rate increases to 9.7% for other income classes, also effective for taxable years after December 31, 2025. The bill applies to estates and trusts, with specific provisions for nonresident trusts from sources within Pennsylvania.