PA HB1362

Establishes the Taxpayer Dividend Program to return a portion of Pennsylvania's $6.3 billion Budget Stabilization Reserve Fund and $3.2 billion General Fund surplus to resident taxpayers

Eligible recipients include Pennsylvania resident individuals who timely filed and paid their 2024 state income tax return, with each person on a joint return qualifying separately

Maximum dividend payment capped at $1,000 per eligible resident individual, or the total appropriation divided by the number of eligible recipients, whichever is less

Department of Revenue must identify eligible recipients within 45 days of appropriation; State Treasurer must disburse payments within 15 days of receiving recipient information, via direct deposit or mailed check

Unused appropriated funds must be transferred to the Budget Stabilization Reserve Fund; Treasury Department required to publish a report on total payments and recipients by March 31, 2026