PRINTER'S NO. 2839
No. 2223 Session of 1980
INTRODUCED BY MRKONIC, DUFFY, KNIGHT, RICHARDSON, B. F. O'BRIEN,
J. J. JOHNSON, FISHER, SALVATORE, BARBER, SEVENTY, TRELLO,
NOVAK AND AUSTIN, FEBRUARY 5, 1980
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 5, 1980
AN ACT
1 Amending the act of March 11, 1971 (P.L.104, No.3), entitled, as
2 amended, "An act providing property tax or rent rebate and
3 inflation dividends to certain senior citizens, widows,
4 widowers and permanently disabled persons with limited
5 incomes; establishing uniform standards and qualifications
6 for eligibility to receive rebates and dividends; and
7 imposing duties upon the Department of Revenue," further
8 defining the term "income" to exclude interest payments.
9 The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11 Section 1. Clause (1) of section 3, act of March 11, 1971
12 (P.L.104, No.3), known as the "Senior Citizens Property Tax or
13 Rent Rebate and Older Persons Inflation Needs Act," reenacted
14 and amended June 16, 1975 (P.L.7, No.4), and amended December
15 21, 1979 (No.131), is amended to read:
16 Section 3. Definitions.--As used in this act:
17 (1) "Income" means all income from whatever source derived,
18 including but not limited to salaries, wages, bonuses,
19 commissions, income from self-employment, alimony, support
20 money, cash public assistance and relief, the gross amount of
1 any pensions or annuities including railroad retirement
2 benefits, all benefits received under the Federal Social
3 Security Act (except Medicare benefits), all benefits received
4 under State unemployment insurance laws and veterans' disability
5 payments, [all interest received from the Federal or any State
6 government, or any instrumentality or political subdivision
7 thereof,] realized capital gains, rentals, workmen's
8 compensation and the gross amount of loss of time insurance
9 benefits, life insurance benefits and proceeds (except the first
10 five thousand dollars ($5,000) of the total of death benefit
11 payments), and gifts of cash or property (other than transfers
12 by gift between members of a household) in excess of a total
13 value of three hundred dollars ($300), but shall not include
14 surplus food or other relief in kind supplied by a governmental
15 agency or property tax or rent rebate or inflation dividend. The
16 term "income" shall not include any interest derived from any
17 source.
18 * * *
19 Section 2. This act shall take effect immediately.
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