Bill Information

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, further providing, in sales and use tax, for assessment and for reassessment; deleting provisions relating to review by Board of Finance and Revenue; further providing for refund of sales tax attributed to bad debt; deleting provisions relating to refund or credit for overpayment and to restriction on refunds; further providing, in sales and use tax, for refunds, for refund petition and for extended time for filing special petition for refund; further providing, in personal income tax, for definitions and for classes of income; providing for withholding tax on early distributions; further providing, in personal income tax, for assessment, for jeopardy assessments, for procedure for reassessment, for restrictions on refunds and for limitations on refund or credit; further providing, in corporate net income tax, for definitions, for imposition, for reports and payment, for consolidated reports and for changes by Federal Government; providing, in corporate net income tax, for assessments, for jeopardy assessments, for limitations on assessments and for extension of limitation period; further providing for enforcement relating to corporate net income tax; providing, in corporate net income tax, for collection and for actions to collect and defenses; further providing, in gross receipts tax, for imposition; further providing, in realty transfer tax, for assessment, for lien and for refunds; further providing for mutual thrift institutions tax assessment; further providing, in malt beverage tax, for assessment and for refund of tax; further providing for inheritance tax refund; providing for petition procedure and administration; establishing the Tax Review Tribunal and providing for its powers and duties; providing for tax clearance for renewals of licenses, permits and registrations; deleting provisions relating to petitions for refunds; further providing for estimated tax and for underpayment of estimated tax, for refund petitions and for timely filing; providing for assessments by the Department of Revenue; and making related repeals.