Pennsylvania SB1320 introduces a tax credit for youth sport participation costs for low-income families.

Pennsylvania SB1320 amends the personal income tax to provide a tax credit for qualified youth sport participation expenses. This credit is available to resident individual taxpayers with a gross monthly household income at or below three hundred percent of the Federal poverty level. The credit amount is equal to the qualified youth sport participation expenses incurred during the taxable year, up to a maximum of $1,500 for individual taxpayers and $3,000 for joint filers. The credit cannot be refunded, carried forward, or carried backward to other taxable years.

Pennsylvania SB1320 introduces a tax credit for youth sport participation costs for low-income families.

Pennsylvania SB1320 amends the personal income tax to provide a tax credit for qualified youth sport participation expenses. This credit is available to resident individual taxpayers with a gross monthly household income at or below three hundred percent of the Federal poverty level. The credit amount is equal to the qualified youth sport participation expenses incurred during the taxable year, up to a maximum of $1,500 for individual taxpayers and $3,000 for joint filers. The credit cannot be refunded, carried forward, or carried backward to other taxable years.