PRINTER'S NO. 835
No. 785 Session of 1999
INTRODUCED BY SAYLOR, PLATTS, B. SMITH, MASLAND, BARD,
ARMSTRONG, BARRAR, BELFANTI, BENNINGHOFF, BISHOP, CAWLEY,
L. I. COHEN, COLAFELLA, CORRIGAN, COY, DALLY, FICHTER,
FORCIER, HUTCHINSON, JADLOWIEC, KENNEY, LAUGHLIN, LEH, LUCYK,
MANDERINO, MARKOSEK, MARSICO, McCALL, MELIO, S. MILLER, ORIE,
RAYMOND, READSHAW, ROSS, RUBLEY, SAINATO, SCHRODER,
SCRIMENTI, SEMMEL, SERAFINI, SHANER, STABACK, STERN, SURRA,
E. Z. TAYLOR, THOMAS, TRAVAGLIO AND ZUG, MARCH 9, 1999
REFERRED TO COMMITTEE ON FINANCE, MARCH 9, 1999
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," further providing for deposit of proceeds from
11 the capital stock franchise tax.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 602.3(a) of the act of March 4, 1971
15 (P.L.6, No.2), known as the Tax Reform Code of 1971, amended
16 August 4, 1991 (P.L.97, No.22), is amended to read:
17 Section 602.3. Deposit of Proceeds; Appropriation.--(a) The
18 proceeds resulting from [one-half] one-quarter mill of the tax
19 imposed pursuant to this article as determined by the Secretary
1 of Revenue shall be transferred to the Hazardous Sites Cleanup
2 Fund. The proceeds from any taxable year beginning in 1991
3 resulting from one-quarter mill and the proceeds from any
4 taxable year beginning in 1999 resulting from one-half mill of
5 the tax imposed pursuant to this article as determined by the
6 Secretary of Revenue shall be transferred to the State Lottery
7 Fund. The transfers required by this subsection shall be made by
8 June 15 and December 15 of each appropriate calendar year.
9 * * *
10 Section 2. If enacted after January 1, 1999, this act shall
11 be retroactive to January 1, 1999.
12 Section 3. This act shall take effect January 1, 1999, or
13 immediately, whichever is later.
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