HB 2452 — 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 classes of income; in corporate net income tax, further providing for definitions; and providing for personal health investment tax credit.

PRIOR PRINTER'S NO.

3403 THEPRINTER'S GENERALNO. ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of No.

3670 THE GENERAL ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of No.

WILLIAMS, DELLOSO, NEILSON, KHAN, CERRATOCERRATO, DALEY AND DALEY,GREEN, JUNE 26, 2024 REFERREDAS TOREPORTED FROM COMMITTEE ON VETERANS AFFAIRS AND EMERGENCY PREPAREDNESS, JUNEHOUSE 26,OF REPRESENTATIVES, AS AMENDED, SEPTEMBER 30, 2024 AN ACT AmendingAmeact therelating actto oftax Marchreform 4,and 1971State (P.L.6,taxation No.2),by entitledcodifying "An and enumerating certain subjects of taxation and imposinggimposing taxes thereon;

in corporate net income tax, further providinginvestment fortax definitions;credit.ons;

and providing for personal health investmentThe taxGeneral credit.Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

Classes of Income.--* * * (a.11) (A.13) The following apply:

<-- (1) An amount paid by a business that incurs costs by offering free OR DISCOUNTED membership at a fitness facility to <-- a qualified individual shall be allowed as a deduction from taxable income on the annual personal income tax return.

The amount paid as a free OR DISCOUNTED membership at a fitness <-- facility to a qualified individual may not exceed the dollar amount paid as a membership at a fitness facility to any other individual.

* * * (u) (V) (1) An additional deduction shall be allowed from <-- taxable income in an amount equal to the amount paid for costs by offering free OR DISCOUNTED membership at a fitness facility <-- to a qualified individual.

The amount paid as a free OR <-- DISCOUNTED membership at a fitness facility to a qualified individual shall not exceed the dollar amount paid as a membership at a fitness facility to any other individual.

20240HB2452PN3670 - 2 - (2) For purposes of this paragraph, the term "qualified individual" means and individual who is on active and full-time 20240HB2452PN3403 - 2 - duty in the United States Armed Forces, a member of the Pennsylvania National Guard or a member of a reserve component of the armed forces as defined in 51 Pa.C.S.

20240HB2452PN3670 - 3 - "Tax credit." A personal health investment tax credit provided for under this article.

20240HB2452PN3403 - 3 - "Tax liability." The liability for taxes imposed under Article III, excluding any tax withheld by an employer under Article III.

The addition of sections 303(a.11) 303(A.13) and <-- 20240HB2452PN3670 - 4 - 401(3)1(u) 401(3)1(V) and Article XVIII-I of the act shall apply <-- to taxable years commencing after December 31, 2023.

20240HB2452PN3403 - 4 - Section 5.

20240HB2452PN340320240HB2452PN3670 - 5 -