PRINTER'S NO. 2323
No. 1804 Session of 1985
INTRODUCED BY HUTCHINSON AND GEIST, OCTOBER 21, 1985
REFERRED TO COMMITTEE ON FINANCE, OCTOBER 21, 1985
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 deductions from the
11 purchase price for purposes of determining the sales tax
12 derived on the sale of a vehicle.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. Section 201(g)(2) of the act of March 4, 1971
16 (P.L.6, No.2), known as the Tax Reform Code of 1971, amended
17 September 9, 1971 (P.L.437, No.105), is amended to read:
18 Section 201. Definitions.--The following words, terms and
19 phrases when used in this Article II shall have the meaning
20 ascribed to them in this section, except where the context
21 clearly indicates a different meaning:
22 * * *
1 (g) "Purchase price."
2 * * *
3 (2) There shall be deducted from the purchase price the
4 value of any personal property actually taken in trade or
5 exchange in lieu of the whole or any part of the purchase price.
6 For the purpose of this clause, the amount allowed by reason of
7 personal property actually taken in trade or exchange shall be
8 considered the value of such property. There shall be further
9 deducted from the purchase price the amount of any
10 manufacturer's or dealer's rebate to which a purchaser is
11 entitled by virtue of having purchased for use on the public
12 highways a vehicle assembled in North America.
13 * * *
14 Section 2. The provisions of this act relating to an
15 additional deduction for manufacturer or dealer rebates in
16 section 201(g)(2) of the act shall expire July 1, 1987.
17 Section 3. This act shall take effect immediately.
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