PRINTER'S NO. 445
No. 424 Session of 1981
INTRODUCED BY HALUSKA, TELEK, MRKONIC, MORRIS AND LETTERMAN,
FEBRUARY 9, 1981
REFERRED TO COMMITTEE ON INSURANCE, FEBRUARY 9, 1981
AN ACT
1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
2 act relating to tax reform and State taxation by codifying
3 and enumerating certain subjects of taxation and imposing
4 taxes thereon; providing procedures for the payment,
5 collection, administration and enforcement thereof; providing
6 for tax credits in certain cases; conferring powers and
7 imposing duties upon the Department of Revenue, certain
8 employers, fiduciaries, individuals, persons, corporations
9 and other entities; prescribing crimes, offenses and
10 penalties," providing for an additional tax on foreign fire
11 insurance companies.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
15 the "Tax Reform Code of 1971," is amended by adding a section to
16 read:
17 Section 902.1. Additional Tax.--(a) Imposition of
18 Additional Tax. In addition to the tax imposed pursuant to
19 section 902 on foreign fire insurance companies, each such
20 company shall pay to the department, a tax at the rate of one-
21 half per cent of the gross premiums received from business done
22 within this Commonwealth during each calendar year.
1 (b) Disposition of Tax. The taxes paid by foreign fire
2 insurance companies pursuant to this section shall be paid into
3 the Volunteer Companies Loan Fund for use in accordance with the
4 provisions of the act of July 15, 1976 (P.L.1036, No.208), known
5 as the "Volunteer Fire Company, Ambulance Service and Rescue
6 Squad Assistance Act."
7 Section 2. This act shall take effect immediately and shall
8 apply to calendar years commencing on and after January 1, 1982.
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