Round voting button logo

SB655

In personal income tax, further providing for classes of income; in corporate net income tax, further providing for definitions; in tax credit and tax benefit administration, further providing for definitions; and providing for personal health investment tax credit.

Introduced·4/30/25
Introduced Text

Pennsylvania SB655 introduces a personal health investment tax credit for qualified individuals.

Pennsylvania SB655 amends the Tax Reform Code of 1971 to introduce a personal health investment tax credit. Qualified individuals, including active-duty military, Pennsylvania National Guard, and reserve component members, can claim a tax credit for qualified sports and fitness expenses up to $600 per year. The bill also allows businesses to deduct costs for offering free fitness memberships to qualified individuals. The tax credit and deduction apply to taxable years beginning after December 31, 2024.

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.

Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

DDDD
4
0
Democratic CaucusRepublican Caucus

History

Apr 30, 2025

Senate

Referred to Finance