PRINTER'S NO. 1393
No. 1177 Session of 2003
INTRODUCED BY GRUCELA, ALLEN, BEBKO-JONES, BELARDI, BELFANTI,
CORRIGAN, COSTA, COY, DALEY, DeWEESE, FAIRCHILD, FREEMAN,
GEIST, GEORGE, JAMES, LAUGHLIN, MANDERINO, MANN, MARKOSEK,
McCALL, McNAUGHTON, S. MILLER, PETRARCA, PISTELLA, READSHAW,
REICHLEY, SCRIMENTI, SHANER, SOLOBAY, SURRA, TURZAI, WANSACZ,
WASHINGTON, WOJNAROSKI, YOUNGBLOOD, YUDICHAK, MELIO, BROWNE,
McGEEHAN, FRANKEL, HORSEY, HARHAI AND GABIG, APRIL 15, 2003
REFERRED TO COMMITTEE ON FINANCE, APRIL 15, 2003
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 a limited exclusion from
11 certain classes of income.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 303 of the act of March 4, 1971 (P.L.6,
15 No.2), known as the Tax Reform Code of 1971, is amended by
16 adding a subsection to read:
17 Section 303. Classes of Income.--* * *
18 (a.4) The classes of income for each taxable year under
19 subsection (a)(1), (2), (3), (4), (5), (6) and (8) shall not
20 include the first five thousand dollars ($5,000) combined from
1 all sources which accrue to any resident or nonresident
2 individual under 18 years of age.
3 * * *
4 Section 2. This act shall be applicable to the tax years
5 beginning after December 31, 2002.
6 Section 3. This act shall take effect immediately.
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