1Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
2act relating to tax reform and State taxation by codifying
3and enumerating certain subjects of taxation and imposing
4taxes thereon; providing procedures for the payment,
5collection, administration and enforcement thereof; providing
6for tax credits in certain cases; conferring powers and
7imposing duties upon the Department of Revenue, certain
8employers, fiduciaries, individuals, persons, corporations
9and other entities; prescribing crimes, offenses and
10penalties," further providing for imposition of the corporate
11net income tax.

12The General Assembly of the Commonwealth of Pennsylvania
13hereby enacts as follows:

14Section 1.  Section 402 of the act of March 4, 1971 (P.L.6, 
15No.2), known as the Tax Reform Code of 1971, amended June 29, 
162002 (P.L.559, No.89), is amended to read:

17Section 402.  Imposition of Tax.--(a)  A corporation shall be
18subject to and shall pay an excise tax for exercising, whether
19in its own name or through any person, association, business
20trust, corporation, joint venture, limited liability company,
21limited partnership, partnership or other entity, any of the

1following privileges:

2(1)  Doing business in this Commonwealth.

3(2)  Carrying on activities in this Commonwealth, including
4solicitation which is not protected activity under the act of
5September 14, 1959 (Public Law 86-272, 15 U.S.C. § 381 et seq.).

6(3)  Having capital or property employed or used in this
7Commonwealth.

8(4)  Owning property in this Commonwealth.

9(b)  The annual rate of tax on corporate net income imposed
10by subsection (a) for taxable years beginning for the calendar
11year or fiscal year on or after the dates set forth shall be as
12follows:

13Taxable Year	Tax Rate
14January 1, 1995, and 15each taxable year 16[thereafter] 17through December  1831, 2012	9.99%
19January 1, 2013, and 20each taxable year 21through December 2231, 2013	8.99%
23January 1, 2014, and 24each taxable year 25through December 2631, 2014	7.99%
27January 1, 2015, and 28each taxable year 29through December 3031, 2015	6.99%
20130HB0145PN0144 -2-
1January 1, 2016, and 2each taxable year 3thereafter	6.25%

4(c)  An entity subject to taxation under Article VII, VIII,
5IX or XV shall not be subject to the tax imposed by this
6article.

7Section 2.  This act shall take effect in 60 days.