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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY PAYNE, GRELL, GROVE, GEIST, FLECK, MILLER, PYLE, ROCK, SCAVELLO, SWANGER AND VULAKOVICH, JANUARY 21, 2011 |
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| REFERRED TO COMMITTEE ON FINANCE, JANUARY 21, 2011 |
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| AN ACT |
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1 | Amending the act of June 27, 2006 (1st Sp.Sess., P.L.1873, |
2 | No.1), entitled "An act providing for taxation by school |
3 | districts, for the State funds formula, for tax relief in |
4 | first class cities, for school district choice and voter |
5 | participation, for other school district options and for a |
6 | task force on school cost reduction; making an appropriation; |
7 | prohibiting prior authorized taxation; providing for |
8 | installment payment of taxes; restricting the power of |
9 | certain school districts to levy, assess and collect taxes; |
10 | and making related repeals," further providing for the |
11 | definition of "income"; and providing for the definition of |
12 | "Social Security substitute pension." |
13 | The General Assembly of the Commonwealth of Pennsylvania |
14 | hereby enacts as follows: |
15 | Section 1. The definition of "income" in section 1303 of the |
16 | act of June 27, 2006 (1st Sp.Sess., P.L.1873, No.1), known as |
17 | the Taxpayer Relief Act, is amended and the section is amended |
18 | by adding a definition to read: |
19 | Section 1303. Definitions. |
20 | The following words and phrases when used in this chapter |
21 | shall have the meanings given to them in this section unless the |
22 | context clearly indicates otherwise: |
23 | * * * |
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1 | "Income." All income from whatever source derived, |
2 | including, but not limited to: |
3 | (1) Salaries, wages, bonuses, commissions, income from |
4 | self-employment, alimony, support money, cash public |
5 | assistance and relief. |
6 | (2) The gross amount of any pensions or annuities, |
7 | including railroad retirement benefits for calendar years |
8 | prior to 1999 and 50% of railroad retirement benefits for |
9 | calendar years 1999 and thereafter and excluding 50% of |
10 | Social Security substitute pensions for calendar years 2009 |
11 | and thereafter. |
12 | (3) All benefits received under the Social Security Act |
13 | (49 Stat. 620, 42 U.S.C. § 301 et seq.), except Medicare |
14 | benefits, for calendar years prior to 1999, and 50% of all |
15 | benefits received under the Social Security Act, except |
16 | Medicare benefits, for calendar years 1999 and thereafter. |
17 | (4) All benefits received under State unemployment |
18 | insurance laws [and veterans' disability payments]. |
19 | (5) All interest received from the Federal or any state |
20 | government or any instrumentality or political subdivision |
21 | thereof. |
22 | (6) Realized capital gains and rentals. |
23 | (7) Workers' compensation. |
24 | (8) The gross amount of loss of time insurance benefits, |
25 | life insurance benefits and proceeds, except the first $5,000 |
26 | of the total of death benefit payments. |
27 | (9) Gifts of cash or property, other than transfers by |
28 | gift between members of a household, in excess of a total |
29 | value of $300. |
30 | The term does not include surplus food or other relief in kind |
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1 | supplied by a governmental agency, property tax or rent rebate |
2 | or inflation dividend. |
3 | * * * |
4 | "Social Security substitute pension." A pension that is |
5 | provided in lieu of old age and survivor benefit payments under |
6 | the Social Security Act (49 Stat. 620, 42 U.S.C. § 301 et seq.) |
7 | to a person whose employment was not covered under the Social |
8 | Security Act. The amount of the pension that qualifies as a |
9 | "Social Security substitute pension" shall not exceed the |
10 | maximum Federal old age and survivor benefit payments, less any |
11 | Federal old age and survivor benefit payments received under the |
12 | Social Security Act for employment covered under the Social |
13 | Security Act. |
14 | * * * |
15 | Section 2. This act shall take effect immediately. |
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