PRINTER'S NO. 154
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 207
Session of
2025
INTRODUCED BY ROTHMAN, J. WARD, HUTCHINSON, STEFANO AND DUSH,
JANUARY 29, 2025
REFERRED TO FINANCE, JANUARY 29, 2025
AN ACT
1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
2 act relating to tax reform and State taxation by codifying
3 and enumerating certain subjects of taxation and imposing
4 taxes thereon; providing procedures for the payment,
5 collection, administration and enforcement thereof; providing
6 for tax credits in certain cases; conferring powers and
7 imposing duties upon the Department of Revenue, certain
8 employers, fiduciaries, individuals, persons, corporations
9 and other entities; prescribing crimes, offenses and
10 penalties," in corporate net income tax, further providing
11 for imposition of tax.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 402(b) of the act of March 4, 1971
15 (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
16 to read:
17 Section 402. Imposition of Tax.--* * *
18 (b) The annual rate of tax on corporate net income imposed
19 by subsection (a) for taxable years beginning for the calendar
20 year or fiscal year on or after the dates set forth shall be as
21 follows:
22 Taxable Year Tax Rate
 1 January 1, 1995,
2 through December
3 31, 2022 9.99%
4 January 1, 2023,
5 through December
6 31, 2023 8.99%
7 January 1, 2024,
8 through December
9 31, 2024 8.49%
10 January 1, 2025,
11 through December
12 31, 2025 7.99%
13 January 1, 2026,
14 [through December
15 31, 2026] and each
16 taxable year
17 thereafter [7.49%] 4%
18 [January 1, 2027,
19 through December
20 31, 2027 6.99%
21 January 1, 2028,
22 through December
23 31, 2028 6.49%
24 January 1, 2029,
25 through December
26 31, 2029 5.99%
27 January 1, 2030,
28 through December
29 31, 2030 5.49%
30 January 1, 2031, and
20250SB0207PN0154 - 2 -
 1 each taxable year
2 thereafter 4.99%]
3 * * *
4 Section 2. This act shall take effect immediately.
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Statutes/Laws affected:
Printer's No. 0154: P.L.6, No.2