Pennsylvania · 2025-2026 Regular Session · Bill

HB 1129: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, repealing provisions relating to penalties and to repealer and effective date; establishing the Net Operating Loss Transfer Program; and imposing penalties.

Passed one chamber Last action January 30, 2026: Referred to Finance

Plain-language summary

HB 1129 is a bill introduced in the Pennsylvania House on April 4, 2025. According to its official title, it concerns: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, repealing provisions relating to penalties and to repealer and effective date; establishing the Net Operating Loss Transfer Program; and imposing penalties. Primary sponsor: Paul Friel (Democratic). It lists 15 additional sponsors. Most recent recorded action (January 30, 2026): Referred to Finance.

Sponsors

Primary sponsor: Paul Friel (Democratic). 15 co-sponsors.