PRINTER'S NO. 753

THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

No. 666 Session of 2007

        INTRODUCED BY GEORGE, COHEN, BELFANTI, BIANCUCCI, CALTAGIRONE,
           CURRY, DALEY, DeLUCA, FABRIZIO, FRANKEL, GRUCELA, HENNESSEY,
           HORNAMAN, JAMES, JOSEPHS, W. KELLER, KULA, MAHONEY, MANN,
           MELIO, R. MILLER, MUNDY, NICKOL, PETRONE, SAINATO, SCAVELLO,
           SIPTROTH, SOLOBAY, STABACK, WALKO, WHEATLEY, WOJNAROSKI AND
           YUDICHAK, MARCH 9, 2007

        REFERRED TO COMMITTEE ON FINANCE, MARCH 9, 2007

                                     AN ACT

     1  Amending the act of June 27, 2006 (1st Sp.Sess., P.L.  , No.1),
     2     entitled "An act providing for taxation by school districts,
     3     for the State funds formula, for tax relief in first class
     4     cities, for school district choice and voter participation,
     5     for other school district options and for a task force on
     6     school cost reduction; making an appropriation; prohibiting
     7     prior authorized taxation; providing for installment payment
     8     of taxes; restricting the power of certain school districts
     9     to levy, assess and collect taxes; and making related
    10     repeals," further defining "income."

    11     The General Assembly of the Commonwealth of Pennsylvania
    12  hereby enacts as follows:
    13     Section 1.  The definition of "income" in section 1303 of the
    14  act of June 27, 2006 (1st Sp.Sess., P.L.  , No.1), known as the
    15  Taxpayer Relief Act, is amended by adding a paragraph to read:
    16  Section 1303.  Definitions.
    17     The following words and phrases when used in this chapter
    18  shall have the meanings given to them in this section unless the
    19  context clearly indicates otherwise:
    20     * * *

     1     "Income."  All income from whatever source derived,
     2  including, but not limited to:
     3         * * *
     4         (3.1)  All retirement benefits received prior to calendar
     5     year 2006 by Federal retirees who due to the date of their
     6     Federal employment are ineligible to collect benefits under
     7     the Social Security Act and 50% of the retirement benefits
     8     received after calendar year 2006 by Federal retirees who due
     9     to the date of their Federal employment are ineligible to
    10     receive benefits under the Social Security Act.
    11         * * *
    12     Section 2.  This act shall take effect in 60 days.












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