Pennsylvania SB206 amends personal income tax rules, including tax imposition, withholding requirements, and return filing deadlines.
Pennsylvania SB206 amends the Tax Reform Code of 1971 to adjust personal income tax rules. It sets a tax rate of 3.7% until December 31, 2025, after which no tax may be imposed. Employers are exempt from withholding taxes on wages starting January 1, 2026, if employees certify no prior or anticipated tax liability. Tax returns must be filed by the due date of the federal return, or if none, the due date for federal returns. Pennsylvania S corporations must file returns detailing income, deductions, and shareholder information.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.