PRINTER'S NO. 2277
No. 1757 Session of 2003
INTRODUCED BY REICHLEY, CAPPELLI, BROWNE, BUNT, RUBLEY,
CRAHALLA, LEACH AND HENNESSEY, JUNE 27, 2003
REFERRED TO COMMITTEE ON FINANCE, JUNE 27, 2003
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 providing, in malt beverage tax, for
11 limited tax credits.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 2010(a) and the definitions of
15 "qualifying capital expenditures" and "taxpayer" in subsection
16 (b) of the act of March 4, 1971 (P.L.6, No.2), known as the Tax
17 Reform Code of 1971, amended May 12, 1999 (P.L.26, No.4), are
18 amended to read:
19 Section 2010. Limited Tax Credits.--(a) The General
20 Assembly of the Commonwealth, conscious of the financial
21 pressures facing small brewers in Pennsylvania, their inability
22 to create beer in packages that will aid and increase
1 exportation of their products and the attendant risk of business
2 failure and loss of employment opportunity, declares it public
3 policy that renewal and improvement of small brewers to increase
4 exportation of their products shall be encouraged and assisted
5 by a limited tax subsidy to be granted during the period set
6 forth in this section.
7 (b) As used in this section:
8 * * *
9 "Qualifying capital expenditures." Amounts paid by a
10 taxpayer during the effective period of this section for the
11 purchase of items of plant, machinery or equipment that will
12 directly result in the manufacture of packages of malt or brewed
13 beverages that will aid and increase the exportation of malt or
14 brewed beverages for use by the taxpayer within this
15 Commonwealth in the manufacture and sale of malt or brewed
16 beverages: Provided, however, That the total amount of
17 qualifying capital expenditures made by a taxpayer within a
18 single calendar year shall not exceed two hundred thousand
19 dollars ($200,000).
20 * * *
21 "Taxpayer." A manufacturer of malt or brewed beverages
22 claiming a tax credit or credits under this section and having
23 an annual production of malt or brewed beverages that does not
24 exceed [three hundred thousand (300,000)] one million
25 (1,000,000) barrels.
26 * * *
27 Section 2. This act shall apply to tax years beginning on or
28 after December 31, 2003.
29 Section 3. This act shall take effect in 60 days.
F12L72JLW/20030H1757B2277 - 2 -