TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION
§1992
§ 1992. Tax Imposition on Gross Revenues from Qualifying Construction Projects. (a) In addition to the tax imposed under Chapter 3 of Division 1 of Title 4 of the Commonwealth Code and unless expressly exempted herein, a tax of 3% shall be imposed on the gross revenues of a General Contractor that are directly attributed to or derived from Construction that, in the aggregate, exceed $350,000 in a taxable year. (b) For the purposes of subsection (a), the gross revenue tax shall exclude revenues generated by or derived from construction of Residential Housing. (c) Revenues of a Subcontractor that are derived from Construction performed for a General Contractor subject to the tax imposed by this Section are exempt. Source: PL 23-31, § 2 (Jan. 10, 2025); amended by PL 24-30, § 4 (Mar. 27, 2026).