PRINTER'S NO. 511
No. 472 Session of 2005
INTRODUCED BY REICHLEY, MUSTIO, YOUNGBLOOD, FORCIER, ADOLPH,
ARMSTRONG, BAKER, BALDWIN, BELFANTI, BOYD, BROWNE,
CALTAGIRONE, COSTA, DeLUCA, FABRIZIO, FAIRCHILD, GEIST,
GERGELY, GINGRICH, GOODMAN, HARRIS, HENNESSEY, KILLION,
KOTIK, MARKOSEK, McILHATTAN, S. MILLER, PETRARCA, PICKETT,
PYLE, READSHAW, ROSS, SAINATO, SEMMEL, SHANER, SOLOBAY,
R. STEVENSON, E. Z. TAYLOR, THOMAS, TURZAI, WHEATLEY, WILT
AND ZUG, FEBRUARY 14, 2005
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 14, 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," providing for a tax credit for donation of used
11 computers; and further defining "taxable income" relating to
12 the corporate net income tax.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
16 the Tax Reform Code of 1971, is amended by adding a section to
17 read:
18 Section 314.1. Tax Credit for Donation of Used Computers.--
19 (a) A taxpayer shall be allowed a credit against the tax
20 imposed by this article for the donation of a used computer to a
1 charitable organization, volunteer firemen's organization,
2 nonprofit education institution or religious organization. The
3 credit authorized by this section shall be equal to the fair
4 market value of the used computer multiplied by the rate of tax
5 imposed pursuant to section 302.
6 (b) The credit provided under this section shall not exceed
7 the amount of the tax otherwise due under this article.
8 (c) The Secretary of Revenue may promulgate regulations to
9 implement this section.
10 Section 2. Section 401(3)1 of the act is amended by adding a
11 paragraph to read:
12 Section 401. Definitions.--The following words, terms, and
13 phrases, when used in this article, shall have the meaning
14 ascribed to them in this section, except where the context
15 clearly indicates a different meaning:
16 * * *
17 (3) "Taxable income." 1. * * *
18 (t) An additional deduction shall be allowed from taxable
19 income in the amount of the fair market value of a used computer
20 donated to a charitable organization, volunteer firemen's
21 organization, nonprofit education institution or religious
22 organization.
23 * * *
24 Section 3. This act shall apply to taxable years beginning
25 after December 31, 2005.
26 Section 4. This act shall take effect immediately.
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