HB 1865 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in insurance premiums tax, further providing for imposition of tax.

PRINTER'S NO.   2314

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 1865
                                                Session of
                                                  2025

     INTRODUCED BY PROBST, HILL-EVANS, McNEILL, MAYES, K.HARRIS,
        STEELE AND GREEN, SEPTEMBER 16, 2025

     REFERRED TO COMMITTEE ON INSURANCE, SEPTEMBER 17, 2025


                                     AN ACT
 1   Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
 2      act relating to tax reform and State taxation by codifying
 3      and enumerating certain subjects of taxation and imposing
 4      taxes thereon; providing procedures for the payment,
 5      collection, administration and enforcement thereof; providing
 6      for tax credits in certain cases; conferring powers and
 7      imposing duties upon the Department of Revenue, certain
 8      employers, fiduciaries, individuals, persons, corporations
 9      and other entities; prescribing crimes, offenses and
10      penalties," in insurance premiums tax, further providing for
11      imposition of tax.
12      The General Assembly of the Commonwealth of Pennsylvania
13   hereby enacts as follows:
14      Section 1.    Section 902(a) of the act of March 4, 1971
15   (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
16   to read:
17      Section 902.    (a)   Imposition of Tax.--Every insurance
18   company, as herein defined, transacting business in the
19   Commonwealth of Pennsylvania, shall pay to the department, a tax
20   at the rate of [two] eight per cent of the gross premiums
21   received from business done within this Commonwealth during each
22   calendar year.
1      * * *
2      Section 2.   The amendment of section 902(a) of the act shall
3   apply to calendar years beginning after December 31, 2025.
4      Section 3.   This act shall take effect immediately.




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