Pennsylvania SB772 provides a tax credit for qualified toll expenses incurred by commuters and businesses.

Pennsylvania SB772 amends the Tax Reform Code of 1971 to introduce a commuter and commerce toll tax credit. This credit applies to qualified toll expenses incurred by taxpayers, including individuals and businesses, for access to the Pennsylvania Turnpike and certain toll bridges. The credit is equal to 50% of the qualified toll expense, up to a maximum of $500 per taxpayer annually. Shareholders, owners, or members of pass-through entities may also claim a credit if the entity itself does not have an eligible tax liability.

Pennsylvania SB772 provides a tax credit for qualified toll expenses incurred by commuters and businesses.

Pennsylvania SB772 amends the Tax Reform Code of 1971 to introduce a commuter and commerce toll tax credit. This credit applies to qualified toll expenses incurred by taxpayers, including individuals and businesses, for access to the Pennsylvania Turnpike and certain toll bridges. The credit is equal to 50% of the qualified toll expense, up to a maximum of $500 per taxpayer annually. Shareholders, owners, or members of pass-through entities may also claim a credit if the entity itself does not have an eligible tax liability.