An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in personal income tax, further providing for imposition of tax; in gross receipts tax, further providing for imposition of tax, providing for transfers to Alternative Fuels Incentive Fund and further providing for establishment of revenue-neutral reconciliation; in tax credit and tax benefit administration, further providing for definitions; providing for volunteer certified emergency medical technician tax credit; imposing duties on the Department of Revenue; eliminating the tax imposed upon each dollar of the gross receipts received from the sales of electric energy; providing for the benefit of consumers and for a civil penalty; and making a repeal.

This bill modifies Pennsylvania's tax code to create special provisions for low-income individuals, allowing them to receive refunds or forgiveness of taxes owed based on their poverty income levels. For tax years before 2025, eligible individuals earning up to $6,500 individually or $13,000 jointly can get a full refund, while those earning slightly more receive partial refunds ranging from 10% to 90% depending on how much their income exceeds the threshold. The law also updates these income limits for tax years after 2024 to $10,000 and $20,000 respectively, with future adjustments tied to changes in the Consumer Price Index to account for inflation. Additionally, the legislation eliminates a tax on the sale of electric energy and establishes a volunteer certified emergency medical technician tax credit.