PRINTER'S NO. 1260
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
907
Session of
2019
INTRODUCED BY LEACH AND STREET, OCTOBER 18, 2019
REFERRED TO FINANCE, OCTOBER 18, 2019
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) Notwithstanding any other provision of this article
to the contrary and without regard to section 280E of the
Internal Revenue Code of 1986, a deduction shall be allowed for
an amount paid or incurred during the taxable year in carrying
on a trade or business as a dispensary or grower/processor as
those terms are defined under the act of April 17, 2016 (P.L.84,
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No.16), known as the Medical Marijuana Act.
Section 2. The addition of section 303(a.10) of the act
shall apply to taxable years commencing after December 31, 2019.
Section 3. This act shall take effect immediately.
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