PRINTER'S NO. 1980
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1533
Session of
2017
INTRODUCED BY KAMPF, BRIGGS, BARRAR, DRISCOLL, MILLARD,
SCHLOSSBERG, WARD, RADER, GODSHALL, TOPPER, RAPP, BERNSTINE,
PETRI, HARPER, GREINER AND CORR, JUNE 12, 2017
REFERRED TO COMMITTEE ON FINANCE, JUNE 12, 2017
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 corporate net income tax, further providing
for definitions and providing for deductions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "taxable income" in section 401
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 paragraph to read:
Section 401. Definitions.--The following words, terms, and
phrases, when used in this article, shall have the meaning
ascribed to them in this section, except where the context
clearly indicates a different meaning:
* * *
(3) "Taxable income." * * *
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