PRINTER'S NO. 1932
No. 1527 Session of 2003
INTRODUCED BY LEH, BAKER, BELFANTI, BROWNE, CAPPELLI, CREIGHTON,
DALEY, DALLY, FAIRCHILD, FORCIER, FREEMAN, GEIST, GEORGE,
GRUCELA, HARHAI, HARPER, HENNESSEY, HERSHEY, LAUGHLIN, LEWIS,
MANDERINO, MARSICO, McCALL, NAILOR, READSHAW, REICHLEY,
ROHRER, SAINATO, SATHER, SAYLOR, SHANER, E. Z. TAYLOR,
THOMAS, TIGUE, WATSON, WILT AND YOUNGBLOOD, JUNE 4, 2003
REFERRED TO COMMITTEE ON FINANCE, JUNE 4, 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 defining "poverty income."
11 The General Assembly of the Commonwealth of Pennsylvania
12 hereby enacts as follows:
13 Section 1. Section 301(o.2) of the act of March 4, 1971
14 (P.L.6, No.2), known as the Tax Reform Code of 1971, amended
15 December 13, 1991 (P.L.373, No.40) and June 29, 2002 (P.L.559,
16 No.89), is amended to read:
17 Section 301. Definitions.--The following words, terms and
18 phrases when used in this article shall have the meaning
19 ascribed to them in this section except where the context
20 clearly indicates a different meaning, and, unless specifically
1 provided otherwise, any reference in this article to the
2 Internal Revenue Code of 1986 shall mean the Internal Revenue
3 Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.), as
4 amended to January 1, 1997:
5 * * *
6 (o.2) "Poverty income" means for the purpose of determining
7 eligibility for special tax provisions all moneys or property
8 (including interest, gains or income derived from obligations
9 which are statutorily free from State or local taxation under
10 any other act of the General Assembly of the Commonwealth of
11 Pennsylvania or under the laws of the United States) received of
12 whatever nature and from whatever source derived, but not
13 including (i) periodic payments for sickness and disability
14 other than regular wages received during a period of sickness or
15 disability; or (ii) disability, retirement or other payments
16 arising under workmen's compensation acts, occupational disease
17 acts and similar legislation by any government; or (iii)
18 payments commonly recognized as old age or retirement benefits
19 paid to persons retired from service after reaching a specific
20 age or after a stated period of employment; or (iv) payments
21 commonly known as public assistance or unemployment compensation
22 payments by any governmental agency; or (v) payments to
23 reimburse actual expenses; or (vi) payments made by employers or
24 labor unions for programs covering hospitalization, sickness,
25 disability or death, supplemental unemployment benefits, strike
26 benefits, Social Security and retirement; or (vii) any
27 compensation received by United States servicemen serving in a
28 combat zone; or (viii) the first five thousand dollars ($5,000)
29 of the total of death benefit payments.
30 * * *
20030H1527B1932 - 2 -
1 Section 2. This act shall apply to taxable years beginning
2 after December 31, 2003.
3 Section 3. This act shall take effect immediately.
C6L72SFL/20030H1527B1932 - 3 -