PRINTER'S NO. 2646
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1757
Session of
2015
INTRODUCED BY CONKLIN, O'BRIEN, BRIGGS, BURNS, COHEN, FABRIZIO,
HARKINS, MAHONEY, STURLA AND THOMAS, DECEMBER 9, 2015
REFERRED TO COMMITTEE ON FINANCE, DECEMBER 9, 2015
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in tax for education, repealing provisions
relating to discount.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 227 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is repealed:
[Section 227. Discount.--If a return is filed by a licensee
and the tax shown to be due thereon less any discount is paid
all within the time prescribed, the licensee shall be entitled
to credit and apply against the tax payable by him a discount of
one per cent of the amount of the tax collected by him on and
after the effective date of this article, as compensation for
the expense of collecting and remitting the same and as a
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consideration of the prompt payment thereof.]
Section 2. This act shall take effect immediately.
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