PRINTER'S NO. 4097
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2672
Session of
2018
INTRODUCED BY MADDEN, SCHLOSSBERG, KINSEY, YOUNGBLOOD, DEAN,
CARROLL, PASHINSKI, STURLA, THOMAS, READSHAW AND KAVULICH,
SEPTEMBER 26, 2018
REFERRED TO COMMITTEE ON FINANCE, SEPTEMBER 26, 2018
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 personal income tax, further providing for
imposition of tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 302 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended to read:
Section 302. Imposition of Tax.--(a) Every resident
individual, estate or trust shall be subject to, and shall pay
for the privilege of receiving each of the classes of income
hereinafter enumerated in section 303, a tax upon each dollar of
income received by that resident during that resident's taxable
year at the rate of three and [seven] seventy-seven hundredths
per cent.
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(b) Every nonresident individual, estate or trust shall be
subject to, and shall pay for the privilege of receiving each of
the classes of income hereinafter enumerated in section 303 from
sources within this Commonwealth, a tax upon each dollar of
income received by that nonresident during that nonresident's
taxable year at the rate of three and [seven] seventy-seven
hundredths per cent.
(c) An amount equal to eighteen and fifty-seven hundredths
per cent of the tax imposed under this section shall be
deposited annually into the Property Tax Relief Fund established
under 4 Pa.C.S. ยง 1409 (relating to Property Tax Relief Fund)
and shall be used for State property tax reduction allocations
under Chapter 5 of the act of June 27, 2006 (1st Sp.Sess.,
P.L.1873, No.1), known as the "Taxpayer Relief Act."
Section 2. The amendment of section 302 of the act shall
apply to taxable years beginning after December 31, 2017.
Section 3. This act shall take effect in 60 days.
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