PRINTER'S NO. 2898
No. 2096 Session of 2005
INTRODUCED BY TURZAI, MUSTIO, ARMSTRONG, BEYER, BOYD, CAPPELLI,
CAWLEY, CLYMER, CRAHALLA, CREIGHTON, DALLY, DENLINGER,
DeWEESE, ELLIS, J. EVANS, FLICK, FRANKEL, GABIG, GILLESPIE,
GINGRICH, GOODMAN, GRELL, GRUCELA, HANNA, HARPER, HENNESSEY,
HERMAN, HESS, HUTCHINSON, KAUFFMAN, M. KELLER, KENNEY,
KILLION, LEACH, MACKERETH, MANN, MARKOSEK, McGEEHAN,
McILHATTAN, MICOZZIE, O'NEILL, PAYNE, PETRI, PICKETT, PYLE,
QUIGLEY, RAPP, REED, SAINATO, SAYLOR, SCAVELLO, SCHRODER,
SHANER, SONNEY, T. STEVENSON, SURRA, THOMAS, TRUE, WILT,
YUDICHAK, ZUG AND ADOLPH, OCTOBER 21, 2005
REFERRED TO COMMITTEE ON FINANCE, OCTOBER 21, 2005
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 for classes of income.
11 The General Assembly of the Commonwealth of Pennsylvania
12 hereby enacts as follows:
13 Section 1. Section 303(a) of the act of March 4, 1971
14 (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
15 by adding a clause to read:
16 Section 303. Classes of Income.--(a) The classes of income
17 referred to above are as follows:
18 * * *
1 (9) Notwithstanding any other provision of this subsection,
2 any amount of Pennsylvania income contributed to a qualified
3 tuition program, as defined in section 529 of the Internal
4 Revenue Code of 1986 and in effect for the taxable year, shall
5 not be considered as income for purposes of this act.
6 * * *
7 Section 2. The addition of section 303(a)(9) of the act
8 shall apply to tax years beginning after December 31, 2005.
9 Section 3. This act shall take effect in 60 days.
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