PRINTER'S NO. 9
No. 9 Session of 1981
INTRODUCED BY CALTAGIRONE, ALDEN AND JOHNSON, JANUARY 7, 1981
REFERRED TO COMMITTEE ON FINANCE, JANUARY 7, 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 credits against the corporate net
11 income tax.
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 402.1. Credits Against Tax.--(a) Each corporation
18 owning a refinery located in the Commonwealth which produces
19 gasohol from agricultural products raised within the
20 Commonwealth shall annually receive a credit against the tax
21 imposed by this article equal to fifteen per cent of the total
22 wholesale value of gasohol produced by such refinery.
1 (b) Each corporation eligible to receive the tax credit
2 provided for in subsection (a) shall in addition to such credit
3 receive an annual credit against the tax imposed by this article
4 equal to ten per cent of the total wholesale value of gasohol
5 produced by its refinery if such corporation uses coal mined and
6 processed in the Commonwealth as a processing energy source in
7 such refinery.
8 Section 2. For purposes of this amendatory act, the term
9 "gasohol" shall mean a mixture of not less than seven per cent
10 and not more than ten per cent ethanol alcohol and gasoline
11 which is used as a substitute for unleaded gas.
12 Section 3. This amendatory act shall take effect January 1,
13 1981 and shall expire January 1, 1990.
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