This bill amends the Tax Reform Code of 1971 by adding a new provision to Section 303(a.7) regarding classes of income. Specifically, it states that any amount received from the Federal or State Government, or Jet Rescue Air Ambulance, as a result of the Med Jets Flight 056 plane crash that occurred in Philadelphia on January 31, 2025, will not be considered taxable income under the personal income tax laws of Pennsylvania.

The bill aims to provide financial relief to individuals affected by this specific tragedy by exempting compensation received from taxation. The new provision will take effect 60 days after the bill is enacted.

Statutes/Laws affected:
Printer's No. 1088 (Mar 24, 2025): P.L.6, No.2
Printer's No. 1088: P.L.6, No.2