PRINTER'S NO. 366
No. 351 Session of 2001
INTRODUCED BY MOWERY, EARLL, GREENLEAF, HELFRICK, KITCHEN,
MELLOW, PUNT, RHOADES, SCHWARTZ, TARTAGLIONE, WAGNER,
M. WHITE, WOZNIAK, BOSCOLA, CORMAN, COSTA, HOLL, O'PAKE,
STACK, WAUGH, LOGAN AND KASUNIC, FEBRUARY 7, 2001
REFERRED TO FINANCE, FEBRUARY 7, 2001
AN ACT
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," further defining "income" for personal income tax
11 purposes to provide for an exclusion of certain income earned
12 by persons under 18 years of age.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. Section 301(j) of the act of March 4, 1971
16 (P.L.6, No.2), known as the Tax Reform Code of 1971, added
17 August 31, 1971 (P.L.362, No.93), is amended to read:
18 Section 301. Definitions.--The following words, terms and
19 phrases when used in this article shall have the meaning
20 ascribed to them in this section except where the context
21 clearly indicates a different meaning. Unless specifically
22 provided otherwise, any reference in this article to the
1 Internal Revenue Code shall include the Internal Revenue Code of
2 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.), as amended to
3 January 1, 1997:
4 * * *
5 (j) "Income" for a resident individual, estate or trust
6 means the same as compensation, net profits, gains, dividends,
7 interest or income enumerated and classified under section 303
8 of this article. In the case of resident individuals under
9 eighteen years of age, the term shall not include classes of
10 income under section 303(a)(2), (3), (4), (5), (6), (7) and (8)
11 of this article totaling less than five hundred dollars ($500)
12 in a taxable year.
13 * * *
14 Section 2. This act shall take effect immediately.
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