PRINTER'S NO. 2065
No. 1728 Session of 1991
INTRODUCED BY McNALLY, JOSEPHS, RICHARDSON, ACOSTA, PETRONE,
LAUGHLIN, VEON, LEVDANSKY, ROBINSON, CARN, STEELMAN, MUNDY,
LaGROTTA, THOMAS AND WILLIAMS, JUNE 19, 1991
REFERRED TO COMMITTEE ON FINANCE, JUNE 19, 1991
AN ACT
1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
2 act relating to tax reform and State taxation by codifying
3 and enumerating certain subjects of taxation and imposing
4 taxes thereon; providing procedures for the payment,
5 collection, administration and enforcement thereof; providing
6 for tax credits in certain cases; conferring powers and
7 imposing duties upon the Department of Revenue, certain
8 employers, fiduciaries, individuals, persons, corporations
9 and other entities; prescribing crimes, offenses and
10 penalties," changing the rate of the personal income tax; and
11 creating an exclusion from gross income for personal income
12 tax purposes.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. Section 302.2 of the act of March 4, 1971 (P.L.6,
16 No.2), known as the Tax Reform Code of 1971, added July 2, 1986
17 (P.L.318, No.77), is amended to read:
18 Section 302.2. Imposition of Tax.--(a) There is hereby
19 imposed a tax at the annual rate of [two and one-tenth] five per
20 cent on the privilege of receiving each of the classes of income
21 hereinafter enumerated in section 303.
22 (b) There is hereby imposed a tax to be paid by nonresident
1 individuals, estates or trusts at the annual rate of [two and
2 one-tenth] five per cent on the privilege of receiving each of
3 the classes of income enumerated in section 303 from sources
4 within this Commonwealth.
5 (c) Any reference in this or any other act to section 302 or
6 the tax imposed under section 302 shall be deemed a reference to
7 section 302.2 and the tax imposed by this section.
8 (d) The tax imposed by this section shall not apply to the
9 first nine thousand five hundred dollars ($9,500) of income
10 received by a taxpayer.
11 Section 2. This act shall take effect in 60 days.
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