Senate Bill 1480 Printer's Number 1964

PENNSYLVANIA, September 25 - PRINTER'S NO. 1964

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1480

Session of

2026

INTRODUCED BY ARGALL AND PICOZZI, SEPTEMBER 25, 2026

REFERRED TO FINANCE, SEPTEMBER 25, 2026

AN ACT

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An

act relating to tax reform and State taxation by codifying

and enumerating certain subjects of taxation and imposing

taxes thereon; providing procedures for the payment,

collection, administration and enforcement thereof; providing

for tax credits in certain cases; conferring powers and

imposing duties upon the Department of Revenue, certain

employers, fiduciaries, individuals, persons, corporations

and other entities; prescribing crimes, offenses and

penalties," in malt beverage tax, further providing for

limited tax credits.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 2010(b) and (e) of the act of March 4,

1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, are

amended and the section is amended by adding subsections to

read:

Section 2010. Limited Tax Credits.--* * *

(b) As used in this section:

"Amounts paid." The phrase means (i) amounts actually paid,

or (ii) at the taxpayer's election, amounts promised to be paid

under firm purchase contracts actually executed during any

calendar year falling within the effective period of this

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