PRINTER'S NO. 452
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
468
Session of
2023
INTRODUCED BY BOSCOLA, FONTANA AND COSTA, MARCH 14, 2023
REFERRED TO FINANCE, MARCH 14, 2023
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.
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.11) (1) An amount paid as real property taxes that
exceeds the amount of the deduction for real property taxes
permitted under 26 U.S.C. ยง 164(b)(6)(B) (relating to taxes)
shall be deductible from taxable income on the annual personal
income tax return. The deduction shall not result in taxable
income being less than zero.
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