CORRECTIVE REPRINT PRIOR PRINTER'S NO. 1377 PRINTER'S NO. 1686
No. 1058 Session of 2007
INTRODUCED BY ORIE, RHOADES, RAFFERTY, EICHELBERGER, GORDNER, FOLMER, BOSCOLA, REGOLA, M. WHITE, GREENLEAF, CORMAN, ARMSTRONG, BAKER, BROWNE, ERICKSON, WONDERLING, D. WHITE, WAUGH, PUNT AND DINNIMAN, SEPTEMBER 14, 2007
REFERRED TO FINANCE, SEPTEMBER 14, 2007
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," reducing the rate of taxation of the personal 11 income tax. 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 20 hereinafter enumerated in section 303, a tax upon each dollar of 21 income received by that resident during that resident's taxable
1 year at the rate of [three and seven hundredths per cent] two 2 and ninety-nine hundredths per cent. 3 (b) Every nonresident individual, estate or trust shall be 4 subject to, and shall pay for the privilege of receiving each of 5 the classes of income hereinafter enumerated in section 303 from 6 sources within this Commonwealth, a tax upon each dollar of 7 income received by that nonresident during that nonresident's 8 taxable year at the rate of [three and seven hundredths per 9 cent] two and ninety-nine hundredths per cent. 10 Section 2. This act shall take effect in 60 days. I11L72JS/20070S1058B1686 - 2 -