The bill proposes the repeal of the Use and Storage Tax Act, which was originally enacted in 1953 and imposed a tax on the use and storage of tangible personal property in Pennsylvania. By repealing this act, the bill eliminates the associated tax obligations, administrative processes, and legal framework that governed the taxation of such property, including definitions, tax rates, and collection procedures. This repeal may have implications for revenue generation, particularly for public school funding, as the tax proceeds were previously allocated for that purpose.

In addition to the repeal, the bill amends existing tax law to improve the procedures for reassessment, review, and appeal of tax assessments. It establishes a process for taxpayers to petition for reassessment, requiring them to present specific grounds and supporting affidavits. The bill also details the appeal process for decisions made by the Board of Finance and Revenue, including timelines and rights to appeal to the Court of Common Pleas of Dauphin County. Furthermore, it grants the department authority to enforce tax administration rules, mandates compliance checks on taxpayer records, and ensures that all collected taxes, penalties, and interest are designated for public school purposes. The act will take effect 60 days after enactment, with provisions for continued enforcement of tax obligations post-expiration of the tax period.

Statutes/Laws affected:
Printer's No. 1092 (Mar 24, 2025): P.L.377, No.85
Printer's No. 1092: P.L.377, No.85