PRINTER'S NO. 2707
No. 2156 Session of 1995
INTRODUCED BY GAMBLE, STABACK, READSHAW, LAUGHLIN, SCHULER,
KAISER, CALTAGIRONE, GANNON, LEDERER, ITKIN, FAJT, OLASZ,
RUBLEY, VAN HORNE, PETRONE, GEIST, ROONEY, COWELL, DERMODY,
BELARDI, BOSCOLA, MILLER, TANGRETTI, DEMPSEY, CURRY, RUDY,
ADOLPH, BROWNE AND MERRY, OCTOBER 25, 1995
REFERRED TO COMMITTEE ON FINANCE, OCTOBER 25, 1995
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," further providing for purchase price of an item
11 when a discount or coupon is applied to the purchase.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
15 the Tax Reform Code of 1971, is amended by adding a section to
16 read:
17 Section 202.1 Discounts or Coupons; Effect on Purchase
18 Price.--The tax imposed under this article shall be imposed only
19 on the net purchase price after the discount or coupon amount is
20 deducted, provided that the discount or coupon is presented at
21 the time of sale. It is not necessary that the discount or
1 coupon be identified on the register tape if the vendor is able
2 to substantiate the purchase price by other evidence.
3 Section 2. This act shall take effect in 60 days.
H14L72JLW/19950H2156B2707 - 2 -