PRINTER'S NO. 709
No. 300 Session of 2005
INTRODUCED BY FLICK, BENNINGHOFF, DENLINGER, BROWNE, ADOLPH,
ARMSTRONG, BALDWIN, BOYD, CALTAGIRONE, CAUSER, CLYMER,
CRAHALLA, CREIGHTON, ELLIS, FICHTER, GABIG, GEIST, GEORGE,
GILLESPIE, HARRIS, HERSHEY, HICKERNELL, HUTCHINSON, KILLION,
MARKOSEK, METCALFE, MILLARD, MUSTIO, O'NEILL, PETRARCA,
PHILLIPS, PICKETT, READSHAW, REICHLEY, SAINATO, SCAVELLO,
SCHRODER, STERN, E. Z. TAYLOR, TRUE, TURZAI, WATSON, WILT,
WRIGHT, YOUNGBLOOD, ZUG AND SAYLOR, FEBRUARY 15, 2005
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 15, 2005
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 personal income tax
11 imposition.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 302 of the act of March 4, 1971 (P.L.6,
15 No.2), known as the Tax Reform Code of 1971, amended December
16 23, 2003 (P.L.250, No.46), is amended to read:
17 Section 302. Imposition of Tax.--(a) Every resident
18 individual, estate or trust shall be subject to, and shall pay
19 for the privilege of receiving each of the classes of income
1 hereinafter enumerated in section 303, a tax upon each dollar of
2 income received by that resident during that resident's taxable
3 year at the [rate of three and seven hundredths per cent.]
4 following rates:
5 (1) Three and seven hundredths per cent for the taxable year
6 commencing with or within calendar year 2005 through the taxable
7 year commencing with or within calendar year 2006.
8 (2) Three per cent for the taxable year commencing with or
9 within calendar year 2007.
10 (3) Two and nine-tenths per cent for the taxable year
11 commencing with or within calendar year 2008.
12 (4) Two and eight-tenths per cent for the taxable year
13 commencing with or within calendar year 2009 and each taxable
14 year thereafter.
15 (b) Every nonresident individual, estate or trust shall be
16 subject to, and shall pay for the privilege of receiving each of
17 the classes of income hereinafter enumerated in section 303 from
18 sources within this Commonwealth, a tax upon each dollar of
19 income received by that nonresident during that nonresident's
20 taxable year at the [rate of three and seven hundredths per
21 cent.] following rates:
22 (1) Three and seven hundredths per cent for the taxable year
23 commencing with or within calendar year 2005 through the taxable
24 year commencing with or within calendar year 2006.
25 (2) Three per cent for the taxable year commencing with or
26 within calendar year 2007.
27 (3) Two and nine-tenths per cent for the taxable year
28 commencing with or within calendar year 2008.
29 (4) Two and eight-tenths per cent for the taxable year
30 commencing with or within calendar year 2009 and each taxable
20050H0300B0709 - 2 -
1 year thereafter.
2 Section 2. This act shall take effect immediately.
A20L72MSP/20050H0300B0709 - 3 -