Bill Information - History

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax for education, further providing for definitions, for imposition of tax, for computation of tax, for exclusions from tax, for credit against tax, for licenses, for definitions, for imposition of tax, for time for filing returns, for tax held in trust for the Commonwealth, for discount, for assessment to recover erroneous refunds, for refund of sales tax attributed to bad debt, for refunds, providing for assessment after refunds, further providing for interest, for additions to tax, for crimes and for keeping of records; and providing for transfers; in personal income tax, further providing for imposition, for classes of income and for special poverty provisions; establishing the Property Tax and Rent Relief Account; and providing for restricted account and transfers to the Property Tax Relief Fund; in corporate net income tax, further providing for definitions, for imposition, for reports and for payment of tax; in bank and trust company shares, further providing for imposition, for taxable amount, for apportionment and for definitions; in cigarette tax, further providing for incidence and rate of tax and for floor tax; providing for a tobacco products tax; in general provisions, further providing for underpayment of estimated tax; and providing for transfers to a restricted account for the purpose of the Public School Employees' Retirement Fund and to a city of first class in accordance with the Municipal Pension Plan Funding Standard and Recovery Act and for payment of additional cigarette tax.