Section 3. Sales and use surtax.
A surtax of 1% shall be imposed on the purchase price of
property and services subject to taxation under Article II of
the Tax Reform Code. The surtax shall be in addition to the tax
imposed under Article II of the Tax Reform Code.
Section 4. Computation of sales and use tax and sales and use
surtax.
(a) Schedule establishment.--Within 30 days of the effective
date of this section, the department shall establish a schedule
for the computation of the State sales and use tax under Article
II of the Tax Reform Code and the sales and use surtax as
established under this act.
(b) Schedule publication.--The department shall publish the
schedule providing for the computation of the sales and use tax
and the State sales and use surtax in the Pennsylvania Bulletin
immediately succeeding the establishment of the schedule.
Section 5. Higher Education Fund.
(a) Fund established.--A special fund is established in the
State Treasury to be known as the Higher Education Fund.
Interest income derived from investment of the money in the fund
shall be credited by the Treasury Department to the fund.
(b) Revenues.--Revenues deposited in the fund may only be
used to fund the member institutions of the State System of
Higher Education, community colleges, State-related institutions
and the Thaddeus Stevens College of Technology.
Section 6. Transfer to fund.
Within 30 days of the close of any calendar month, the
revenue generated in the previous month from the sales and use
surtax imposed under this act shall be transferred to the fund.
Section 7. Certification.
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