An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in gross receipts tax, further providing for imposition of tax and for establishment of revenue-neutral reconciliation; and providing for reporting and for transfers.
HB 2373 rewrites Pennsylvania’s gross receipts tax with a revenue-neutral framework, adds reporting requirements, and sets transfer rules to back the changes.