PRINTER'S NO. 3513
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2418
Session of
2018
INTRODUCED BY WHEATLEY, MURT, READSHAW, BULLOCK, DRISCOLL,
D. COSTA, ROZZI, O'BRIEN, GAINEY, SIMS, McNEILL, SCHLOSSBERG,
CALTAGIRONE, NEILSON, BIZZARRO, KORTZ, McCLINTON AND KINSEY,
MAY 8, 2018
REFERRED TO COMMITTEE ON FINANCE, MAY 8, 2018
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in personal income tax, further providing for
classes of income; and, in corporate net income tax, further
providing for definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 303 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended by
adding a subsection to read:
Section 303. Classes of Income.--* * *
(a.10) The following apply:
(1) An additional deduction shall be allowed from taxable
income for an employer's qualified first-year wages on the
annual personal income tax return , which shall be in the
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