An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for commuter and commerce toll tax credit.

SB 772 creates a new tax credit for Pennsylvania taxpayers who pay tolls on the Pennsylvania Turnpike and specific bridges operated by the Delaware River Joint Toll Bridge Commission, Delaware River Port Authority, and Burlington County Bridge Commission. Taxpayers can claim a credit equal to 50% of their qualifying toll expenses, up to $500 annually, for tolls paid via E-ZPass, cash, or card. The credit applies to individuals and businesses, including pass-through entities like S corporations and partnerships, with unused credits potentially passed to shareholders or owners. The credit becomes available for taxable years beginning after December 31, 2024.