PRINTER'S NO. 2965
No. 2172 Session of 1986
INTRODUCED BY HUTCHINSON, PETRARCA, TRELLO, DININNI, GEIST,
STEIGHNER, STUBAN, PHILLIPS, DAVIES, JOHNSON, LEVDANSKY,
MARKOSEK, MURPHY, WOZNIAK AND VEON, FEBRUARY 19, 1986
REFERRED TO COMMITTEE ON TRANSPORTATION, FEBRUARY 19, 1986
AN ACT
1 Amending the act of March 27, 1980 (P.L.60, No.24), entitled "An
2 act amending the act of March 4, 1971 (P.L.6, No.2), entitled
3 'An act relating to tax reform and State taxation by
4 codifying and enumerating certain subjects of taxation and
5 imposing taxes thereon; providing procedures for the payment,
6 collection, administration and enforcement thereof; providing
7 for tax credits in certain cases; conferring powers and
8 imposing duties upon the Department of Revenue, certain
9 employers, fiduciaries, individuals, persons, corporations
10 and other entities; prescribing crimes, offenses and
11 penalties,' establishing a credit against gross receipts tax
12 for railroad expenditures on maintenance or right-of-way
13 improvements and imposing restrictions on such credit,"
14 extending the period of expiration of the act.
15 The General Assembly of the Commonwealth of Pennsylvania
16 hereby enacts as follows:
17 Section 1. Section 2 of the act of March 27, 1980 (P.L.60,
18 No.24), entitled "An act amending the act of March 4, 1971
19 (P.L.6, No.2), entitled 'An act relating to tax reform and State
20 taxation by codifying and enumerating certain subjects of
21 taxation and imposing taxes thereon; providing procedures for
22 the payment, collection, administration and enforcement thereof;
23 providing for tax credits in certain cases; conferring powers
1 and imposing duties upon the Department of Revenue, certain
2 employers, fiduciaries, individuals, persons, corporations and
3 other entities; prescribing crimes, offenses and penalties,'
4 establishing a credit against gross receipts tax for railroad
5 expenditures on maintenance or right-of-way improvements and
6 imposing restrictions on such credit," is amended to read:
7 Section 2. This act shall take effect immediately and apply
8 to tax year 1981 and thereafter. This act shall be repealed
9 following tax year [1986] 1991 unless reenacted by the General
10 Assembly. The Secretary of Revenue shall review and analyze the
11 effect of this credit and report to the General Assembly.
12 Section 2. This act shall take effect immediately.
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