PRINTER'S NO. 2673
No. 1995 Session of 1984
INTRODUCED BY SALVATORE, TRELLO, MAYERNIK, CESSAR, MISCEVICH,
SEVENTY, WOGAN, O'BRIEN, PERZEL, WESTON, OLASZ, DeLUCA,
MARKOSEK, PETRONE AND DUFFY, MARCH 19, 1984
REFERRED TO COMMITTEE ON FINANCE, MARCH 19, 1984
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 the disposition of the tax
11 on fire and casualty insurance.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 902(b) of the act of March 4, 1971
15 (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
16 to read:
17 Section 902. * * *
18 (b) Disposition of Taxes.--The taxes paid by [foreign] fire
19 insurance companies under this act shall continue to be
20 distributed and used for firemen's relief pension or retirement
21 purposes, as provided by section two of the act, approved the
22 twenty-eighth day of June, one thousand eight hundred ninety-
1 five (Pamphlet Laws 408), as amended; and the taxes paid by
2 [foreign] casualty insurance companies under this act shall
3 continue to be distributed and used for police pension,
4 retirement or disability purposes as provided by the act,
5 approved the twelfth day of May, one thousand nine hundred
6 forty-three (Pamphlet Laws 259), as amended.
7 All other taxes received under this act, except from fire and
8 casualty insurance companies, shall be credited to the General
9 Fund for general revenue purposes.
10 Section 2. The following acts and parts of acts are repealed
11 insofar as they are inconsistent with this act:
12 (1) Act of June 28, 1895 (P.L.408, No.289), entitled "A
13 supplement to the twenty-fourth section of an act, entitled 'An
14 act to provide revenue by taxation, approved the seventh day of
15 June, one thousand eight hundred and seventy-nine,' approved the
16 first day of June, one thousand eight hundred and eighty-nine,
17 amending the twenty-fourth section, by providing for the payment
18 by the State Treasurer of the two per centum tax on premiums
19 paid by foreign fire insurance companies to the treasurers of
20 the several cities, towns, townships and boroughs, within this
21 Commonwealth."
22 (2) Act of May 12, 1943 (P.L.259, No.120), entitled, as
23 reenacted and amended, "An act providing for the payment by the
24 State Treasurer, of the amount of the tax on premiums paid by
25 foreign casualty insurance companies, to the treasurers of the
26 several cities, boroughs, towns, townships, and certain
27 counties, and for the payment thereof into police pension funds,
28 and in certain cases into the Municipal Employes' Retirement
29 System, and for Pension Annuity Contracts, and in certain other
30 cases into the State Employes' Retirement Fund, for certain
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1 purposes."
2 Section 3. This act shall take effect in 90 days.
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