PRINTER'S NO. 1843
No. 1532 Session of 1977
INTRODUCED BY ITKIN, FISHER, SWEET AND COWELL, JULY 26, 1977
REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, JULY 26, 1977
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," limiting the Utilities Gross Receipts Tax.
11 The General Assembly of the Commonwealth of Pennsylvania
12 hereby enacts as follows:
13 Section 1. Section 1101, act of March 4, 1971 (P.L.6, No.2),
14 known as the "Tax Reform Code of 1971," is amended by adding a
15 paragraph to read:
16 Section 1101. Imposition of Tax.__* * *
17 The rate of the tax imposed by this section shall be adjusted
18 annually by the Pennsylvania Public Utility Commission to
19 produce the revenue equal to the amount of revenue due and
20 payable during the 1976-1977 fiscal year of the Commonwealth.
21 Section 2. This act shall take effect in 60 days.
E5L56RC/19770H1532B1843