SB396 — 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 definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners and for income of a Pennsylvania S corporation.

SB396 — 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 definitions, providing for elective tax imposed at pass-through entity level and further providing for taxability of partners and for income of a Pennsylvania S corporation. · Informed CitizenryThis bill amends the Tax Reform Code of 1971 to establish an elective tax for pass-through entities, specifically partnerships and Pennsylvania S corporations. Under the proposal, these entities ca…Open in Informed Citizenry