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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY GROVE, KAUFFMAN, BAKER, AUMENT, BENNINGHOFF, BLOOM, CHRISTIANA, CUTLER, DENLINGER, GEIST, GINGRICH, HESS, HUTCHINSON, M. K. KELLER, KORTZ, MACKENZIE, METCALFE, PICKETT, PYLE, ROAE, ROCK, SAYLOR, SCHMOTZER, SIMMONS AND TALLMAN, AUGUST 23, 2012 |
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| REFERRED TO COMMITTEE ON FINANCE, AUGUST 23, 2012 |
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| AN ACT |
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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," in personal income tax, further providing for |
11 | imposition of 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 |
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1 | year at the rate [of three and seven hundredths per cent] |
2 | prescribed in subsection (c). |
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.] prescribed in subsection (c). |
10 | (c) The rate of tax to be imposed under this section shall |
11 | be as follows: |
12 | (1) Three and seven-hundredths per cent for the taxable year |
13 | beginning after December 31, 2003, through the taxable year |
14 | beginning after December 31, 2013. |
15 | (2) Three and three-hundredths per cent for the taxable year |
16 | beginning after December 31, 2014. |
17 | (3) Two and ninety-nine-hundredths per cent for the taxable |
18 | year beginning after December 31, 2015. |
19 | (4) Two and ninety-five-hundredths per cent for the taxable |
20 | year beginning after December 31, 2016. |
21 | (5) Two and ninety-one-hundredths per cent for the taxable |
22 | year beginning after December 31, 2017. |
23 | (6) Two and eighty-seven-hundredths per cent for the taxable |
24 | year beginning after December 31, 2018, and each taxable year |
25 | thereafter. |
26 | Section 2. This act shall take effect immediately. |
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