PRINTER'S NO. 1992
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1377
Session of
2015
INTRODUCED BY MURT, ROZZI, McNEILL, KINSEY, D. COSTA AND COHEN,
JUNE 29, 2015
REFERRED TO COMMITTEE ON FINANCE, JUNE 29, 2015
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 insurance premiums tax, further providing for
imposition of tax; and making editorial changes.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 901 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 clause to read:
Section 901. Definitions.--The following terms, when used in
this article, shall have the meaning ascribed to them in this
section:
* * *
(8) "Department" means the Department of Revenue of the
Commonwealth.
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Section 2. Section 902(c) of the act, amended July 2, 2012
(P.L.751, No.85), is amended and the section is amended by
adding a subsection to read:
Section 902. * * *
(a.1) Additional tax.--Notwithstanding any other provisions
of law, every insurance company, as herein defined, transacting
business in the Commonwealth of Pennsylvania, shall pay to the
department, an additional tax at the rate of one-half of one per
cent of the gross premiums received from business done within
this Commonwealth during each calendar year, which shall be
allocated to the Department of Human Services for the Office of
Developmental Programs.
* * *
(c) Other Taxes.--[All other] Except as provided in
subsections (a.1) and (b), taxes received under this article
shall be credited to the General Fund for general revenue
purposes.
Section 3. Section 902.1(b) of the act, amended June 22,
2001 (P.L.353, No.23), is amended to read:
Section 902.1. Credits for Assessments Paid.--* * *
(b) Any sums which are acquired by a member insurer from the
guaranty association either by refund or by receipt of an offset
which may be used against an assessment and which have been used
in calculating a credit under subsection (a) shall reduce the
amount of unused credits or shall be paid by such insurer to the
Commonwealth, as the [Department of Revenue] department may
require. The guaranty association shall notify the department
and the Insurance Commissioner that such sums have been acquired
by the member insurer.
* * *
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Section 4. The amendment or addition of section 902(a.1) and
(c) of the act shall apply to tax years beginning after December
31, 2015.
Section 5. This act shall take effect immediately.
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