PRINTER'S NO. 624
No. 582 Session of 2005
INTRODUCED BY CORMAN, LOGAN, CONTI, ERICKSON, GORDNER,
GREENLEAF, LEMMOND, MADIGAN, ORIE, BOSCOLA, COSTA, HUGHES,
KASUNIC, LAVALLE, O'PAKE, STOUT, TARTAGLIONE, C. WILLIAMS,
WOZNIAK, PILEGGI, PIPPY, PUNT, RAFFERTY, ROBBINS, SCARNATI,
THOMPSON, TOMLINSON, WENGER, D. WHITE AND WONDERLING,
APRIL 1, 2005
REFERRED TO FINANCE, APRIL 1, 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 alternate imposition of
11 tax.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 205(a) of the act of March 4, 1971
15 (P.L.6, No.2), known as the Tax Reform Code of 1971, amended
16 August 4, 1991 (P.L.97, No.22), is amended to read:
17 Section 205. Alternate Imposition of Tax; Credits.--(a) If
18 any person actively and principally engaged in the business of
19 selling new or used motor vehicles, trailers or semi-trailers,
20 and registered with the department in the "dealer's class,"
1 acquires a motor vehicle, trailer or semi-trailer for the
2 purpose of resale, and prior to such resale, uses the motor
3 vehicle, trailer or semi-trailer for a taxable use under this
4 act [during a period not exceeding one year from the date of
5 acquisition to the date of resale], such person may [within ten
6 days of the commencement of such use, elect to] pay a tax equal
7 to six per cent of the fair rental value of the motor vehicle,
8 trailer or semi-trailer during such use. [Should such motor
9 vehicle, trailer or semi-trailer be used for a taxable use after
10 a period of one year, the taxpayer shall be liable for a tax on
11 the fair market value of such motor vehicle, trailer or semi-
12 trailer at the time of acquisition, but shall be allowed a
13 credit equal to the tax paid pursuant to the election provided
14 for in this section.] This section shall not apply to the use of
15 a vehicle as a wrecker, parts truck, delivery truck or courtesy
16 car.
17 * * *
18 Section 2. This act shall take effect in 60 days.
B4L72RLE/20050S0582B0624 - 2 -