PRINTER'S NO. 570
No. 537 Session of 2005
INTRODUCED BY FERLO, COSTA, KITCHEN, O'PAKE, LOGAN, MUSTO,
WOZNIAK, M. WHITE, ERICKSON, C. WILLIAMS AND STACK,
MARCH 30, 2005
REFERRED TO FINANCE, MARCH 30, 2005
AN ACT
1 Amending the act of July 5, 2004 (P.L.654, No.72), entitled "An
2 act providing for taxation by school districts, for State
3 funds and for wage and net profits tax relief in cities of
4 the first class; and making an appropriation," further
5 providing for qualifying contribution.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. Section 331(a) of the act of July 5, 2004
9 (P.L.654, No.72), known as the Homeowner Tax Relief Act, is
10 amended to read:
11 Section 331. Qualifying contribution.
12 (a) General rule.--Except as set forth in subsection (b), a
13 school district shall, by resolution, levy, assess and collect
14 the 0.1% earned income and net profits tax authorized under
15 section 321(b)(1) in order to qualify for a property tax
16 reduction allocation under section 505. The board of school
17 directors shall adopt the resolution by [May 30] December 31 of
18 the first year in which a certification under section 503(a) is
19 made. Within five days after adopting the resolution, the board
1 of school directors shall notify the department in a form and
2 manner prescribed by the department in order to establish the
3 school district's eligibility to receive a property tax
4 reduction allocation pursuant to Chapter 5.
5 * * *
6 Section 2. This act shall take effect in 60 days.
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