An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for Small Business Health Care Premiums Contribution Tax Credit.

Requirement for the Exchange Authority to establish an Office of Fraud Prevention to address suspected fraud.

Mandatory annual reporting by the Exchange Authority detailing the number and dollar amount of suspected fraud reports, confirmed fraud cases, and advance premium tax credits for rescinded policies.

Requirement for the Exchange Authority to adopt a standardized form for insurers to report suspected fraud and a policy for responding to recession requests within one business day.

Requirement for the Exchange Authority to adopt a written policy on fraud resolution, including referrals to law enforcement and certification that employees received anti-fraud training.

Added specific eligibility criteria for employees, requiring them to provide documentary evidence of residency in Pennsylvania and federal qualifications to purchase health reimbursement arrangements.

Expanded the definition of 'Exchange Authority' to explicitly include the requirement of having established an Office of Fraud Prevention.

Clarified that pass-through entities may transfer unused tax credits to shareholders, members, or partners in proportion to their distributive income share, provided the entity follows its governance documents.

Removed the previous reference to prior printer's number 3516 and updated the bill text to reflect printer's number 3574 and the second consideration amendment date.