H0377B2849A05354       SFL:CDM 01/15/08    #90             A05354
                        AMENDMENTS TO HOUSE BILL NO. 377
                                    Sponsor:  REPRESENTATIVE QUIGLEY
                                           Printer's No. 2849

     1       Amend Title, page 1, line 10, by inserting after
     2    "penalties,""
     3               further providing for personal income tax imposition;
     4               and

     5       Amend Bill, page 1, lines 14 through 16, by striking out all
     6    of said lines and inserting
     7       Section 1.  Section 302 of the act of March 4, 1971 (P.L.6,
     8    No.2), known as the Tax Reform Code of 1971, amended December
     9    23, 2003 (P.L.250, No.46), is amended to read:
    10       Section 302.  Imposition of Tax.--(a)  Every resident
    11    individual, estate or trust shall be subject to, and shall pay
    12    for the privilege of receiving each of the classes of income
    13    hereinafter enumerated in section 303, a tax upon each dollar of
    14    income received by that resident during that resident's taxable

    15    year at the [rate of three and seven hundredths per cent.]
    16    following rates:
    17       (1)  Three and seven hundredths per cent for the first half
    18    of the taxable year commencing with or within calendar year
    19    2008.
    20       (2)  Two and ninety-three hundredths per cent for the second
    21    half of the taxable year commencing with or within calendar year
    22    2008.
    23       (3)  Two and eight-tenths per cent for the taxable year
    24    commencing with or within calendar year 2009 and each taxable
    25    year thereafter.
    26       (b)  Every nonresident individual, estate or trust shall be
    27    subject to, and shall pay for the privilege of receiving each of
    28    the classes of income hereinafter enumerated in section 303 from
    29    sources within this Commonwealth, a tax upon each dollar of
    30    income received by that nonresident during that nonresident's
    31    taxable year at the [rate of three and seven hundredths per
    32    cent.] following rates:
    33       (1)  Three and seven hundredths per cent for the first half
    34    of the taxable year commencing with or within calendar year
    35    2008.
    36       (2)  Two and ninety-three hundredths per cent for the second
    37    half of the taxable year commencing with or within calendar year
    38    2008.
    39       (3)  Two and eight-tenths per cent for the taxable year

     1    commencing with or within calendar year 2009 and each taxable
     2    year thereafter.
     3       Section 2.  The act is amended by adding a section to read:

     4       Amend Bill, page 2, line 27, by striking out all of said line
     5    and inserting
     6       Section 3.  This act shall take effect July 1, 2008, or
     7    immediately, whichever is later.

















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