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PA HB833
Bill
Status
3/10/2025
Primary Sponsor
Tarik Khan
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AI Summary
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Proposes a constitutional amendment to impose an additional 4% tax on Pennsylvania residents with annual taxable income exceeding $1,000,000, applied only to the portion of income above that threshold
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Requires the $1,000,000 income threshold to be adjusted annually for cost of living using the same method applied to federal income tax brackets
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Amends Article VIII, Section 2 of the Pennsylvania Constitution regarding tax exemptions and special provisions
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Requires passage by the General Assembly in two consecutive legislative sessions, followed by voter approval at a general election before taking effect
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Referred to the House Finance Committee on March 10, 2025
Legislative Description
A Joint Resolution proposing an amendment to the Constitution of the Commonwealth of Pennsylvania, further providing for exemptions and special provisions.
Last Action
Referred to Finance
3/10/2025