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PA HB1092
Bill
Status
4/1/2025
Primary Sponsor
Valerie Gaydos
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AI Summary
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Establishes the Taxpayer Dividend Program to distribute up to $1,000 per person to Pennsylvania resident individuals who timely filed and paid their 2024 state income taxes
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Funds the program from the General Fund surplus (capped at the surplus available as of June 30, 2024) and potentially the Budget Stabilization Reserve Fund, which held approximately $6.4 billion at end of fiscal year 2023-2024
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Requires a two-thirds vote in both the Senate and House of Representatives to appropriate funds from the Budget Stabilization Reserve Fund for this program
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Department of Revenue must identify eligible recipients within 45 days of appropriation, and the State Treasurer must issue payments within 15 days of receiving that information via check or direct deposit
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Treasury Department must publish a report by March 31, 2025 (or 90 days after payments) detailing total dividends paid and number of recipients
Legislative Description
Establishing the Taxpayer Dividend Program; imposing powers and duties on the State Treasurer and Department of Revenue; and providing for payment of certain taxpayer dividends.
Last Action
Referred to Finance
4/1/2025