A01571
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1006
Session of
2021
INTRODUCED BY METZGAR, BROOKS, HERSHEY, OWLETT, HILL-EVANS,
PICKETT, KAUFFMAN, LONGIETTI, WARNER, ROWE, CIRESI,
ZIMMERMAN, CONKLIN, PASHINSKI, IRVIN, STRUZZI, WHEELAND AND
GLEIM, MARCH 24, 2021
REFERRED TO COMMITTEE ON FINANCE, MARCH 24, 2021
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
classes of income.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 303 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended by
adding a subsection to read:
Section 303. Classes of Income.--* * *
(a.10) (1) A person that receives crop insurance proceeds
may elect to include the crop insurance proceeds as income for
the taxable year following the taxable year in which the crop
insurance proceeds were received, if the person establishes that
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