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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY ERICKSON, YAW, RAFFERTY, FOLMER, ORIE, FONTANA, M. WHITE, ALLOWAY, BRUBAKER, MENSCH, BOSCOLA, FARNESE AND WOZNIAK, JANUARY 26, 2011 |
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| REFERRED TO FINANCE, JANUARY 26, 2011 |
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| AN ACT |
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1 | Amending the act of June 27, 2006 (1st Sp.Sess., P.L.1873, No. |
2 | 1), entitled "An act providing for taxation by school |
3 | districts, for the State funds formula, for tax relief in |
4 | first class cities, for school district choice and voter |
5 | participation, for other school district options and for a |
6 | task force on school cost reduction; making an appropriation; |
7 | prohibiting prior authorized taxation; providing for |
8 | installment payment of taxes; restricting the power of |
9 | certain school districts to levy, assess and collect taxes; |
10 | and making related repeals," further providing for the |
11 | definition of "income." |
12 | The General Assembly of the Commonwealth of Pennsylvania |
13 | hereby enacts as follows: |
14 | Section 1. The definition of "income" in section 1303 of the |
15 | act of June 27, 2006 (1st Sp.Sess., P.L.1873, No.1), known as |
16 | the Taxpayer Relief Act, is amended to read: |
17 | Section 1303. Definitions. |
18 | The following words and phrases when used in this chapter |
19 | shall have the meanings given to them in this section unless the |
20 | context clearly indicates otherwise: |
21 | * * * |
22 | "Income." All income from whatever source derived, |
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1 | including, but not limited to: |
2 | (1) Salaries, wages, bonuses, commissions, income from |
3 | self-employment, alimony, support money, cash public |
4 | assistance and relief. |
5 | (2) The gross amount of any pensions or annuities, |
6 | including railroad retirement benefits for calendar years |
7 | prior to 1999 and 50% of railroad retirement benefits for |
8 | calendar years 1999 and thereafter. |
9 | (3) All benefits received under the Social Security Act |
10 | (49 Stat. 620, 42 U.S.C. § 301 et seq.), except Medicare |
11 | benefits, for calendar years prior to 1999, and 50% of all |
12 | benefits received under the Social Security Act, except |
13 | Medicare benefits, for calendar years 1999 and thereafter. |
14 | (4) All benefits received under State unemployment |
15 | insurance laws and veterans' disability payments. |
16 | (5) All interest received from the Federal or any state |
17 | government or any instrumentality or political subdivision |
18 | thereof. |
19 | (6) Realized capital gains and rentals. |
20 | (7) Workers' compensation. |
21 | (8) The gross amount of loss of time insurance benefits, |
22 | life insurance benefits and proceeds, except the first $5,000 |
23 | of the total of death benefit payments. |
24 | (9) Gifts of cash or property, other than transfers by |
25 | gift between members of a household, in excess of a total |
26 | value of $300. |
27 | The term does not include surplus food or other relief in kind |
28 | supplied by a governmental agency, property tax or rent rebate, |
29 | [or] inflation dividend, unrealized dividend or stock dividend. |
30 | * * * |
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1 | Section 2. This act shall take effect January 1, 2012. |
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