Both houses of the Pennsylvania legislature have passed, and the governor has signed, S.B. 815, which became the Act of December 14, 2023, No. 64. The act conforms the Pennsylvania income tax on resident trusts with the grantor trust rules of the federal income tax, so the income of a PA resident trust will be taxed to the grantor of the trust and not the trust or its beneficiaries. However, this change will not take effect until 2025 (tax years beginning on or after the January 1 that is 60 or more days after enactment).