A04384
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1796
Session of
2019
INTRODUCED BY WHITE, HILL-EVANS, PYLE, BROOKS, HELM, BERNSTINE
AND DONATUCCI, SEPTEMBER 12, 2019
REFERRED TO COMMITTEE ON FINANCE, SEPTEMBER 12, 2019
AN ACT
Amending the act of May 30, 1984 (P.L.345, No.69), entitled "An
act yo to provide revenue for cities of the first class by
authorizing and imposing a tax on persons engaging in certain
businesses, professions, occupations, trades, vocations and
commercial activities therein; providing for its levy and
collection at the option of cities of the first class;
conferring and imposing powers and duties on cities of the
first class and the collector of city taxes in such cities;
and prescribing penalties," further providing for
definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "net operating loss" in section
2 of the act of May 30, 1984 (P.L.345, No.69), known as the
First Class City Business Tax Reform Act, is amended to read:
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Net operating loss."
(1) In the case of a person conducting its entire
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