An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in sales and use tax, further providing for time for filing returns.

SB 695 amends Pennsylvania's Tax Reform Code to change how businesses file sales and use tax returns. Starting January 1, 2026, it modifies filing frequencies for businesses based on their previous year's tax liability. Businesses with $1,200 or less in fourth-quarter tax liability will file annually, while those with liability between $1,200 and $25,000 will file quarterly. Existing monthly and advance payment schedules for businesses with higher tax liabilities will continue to apply.