PRINTER'S NO. 159
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
203
Session of
2019
INTRODUCED BY HUTCHINSON, FOLMER, J. WARD, DiSANTO, AUMENT,
BARTOLOTTA, BROOKS, LANGERHOLC, MARTIN, PHILLIPS-HILL,
STEFANO, VOGEL, K. WARD, WHITE AND BROWNE, FEBRUARY 4, 2019
REFERRED TO FINANCE, FEBRUARY 4, 2019
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 personal income tax, further providing for
classes of income.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 303(a.3) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
to read:
Section 303. Classes of Income.--* * *
(a.3) The cost of property commonly referred to as Section
179 Property may be treated as a deductible expense [only to the
extent allowable under the version of section 179 of the
Internal Revenue Code in effect at the time the property is
placed in service or under section 179 of the Internal Revenue
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Code of 1986 (26 U.S.C. ยง 179), whichever is earlier] not to
exceed one hundred thousand dollars ($100,000). The basis of
Section 179 Property shall be reduced, but not below zero, for
costs treated as a deductible expense. The amount of the
reduction shall be the amount deducted on a return and not
disallowed, regardless of whether the deduction results in a
reduction of income.
* * *
Section 2. The amendment of section 303(a.3) of the act
shall apply to the tax years beginning after December 31, 2019.
Section 3. This act shall take effect immediately.
20190SB0203PN0159 - 2 -
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