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PRINTER'S NO. 635
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
577
Session of
2019
INTRODUCED BY MENSCH, GORDNER, BROWNE, K. WARD, AUMENT, FOLMER,
DiSANTO, STEFANO, BARTOLOTTA, J. WARD AND PHILLIPS-HILL,
APRIL 22, 2019
REFERRED TO FINANCE, APRIL 22, 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 corporate net income tax, further providing
for imposition of tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 402 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 402. Imposition of Tax.--(a) A corporation shall be
subject to and shall pay an excise tax for exercising, whether
in its own name or through any person, association, business
trust, corporation, joint venture, limited liability company,
limited partnership, partnership or other entity, any of the
following privileges:
(1) Doing business in this Commonwealth.
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(2) Carrying on activities in this Commonwealth, including
solicitation which is not protected activity under the act of
September 14, 1959 (Public Law 86-272, 15 U.S.C. ยง 381 et seq.).
(3) Having capital or property employed or used in this
Commonwealth.
(4) Owning property in this Commonwealth.
(b) The annual rate of tax on corporate net income imposed
by subsection (a) for taxable years beginning for the calendar
year or fiscal year on or after the dates set forth shall be as
follows:
Taxable Year Tax Rate
January 1, 1995, and
each taxable year
[thereafter]
through December
31, 2019 9.99%
January 1, 2020, and
each taxable year
through December
31, 2020 8.99%
January 1, 2021, and
each taxable year
through December
31, 2021 7.99%
January 1, 2022, and
each taxable year
thereafter 6.99%
(c) An entity subject to taxation under Article VII, VIII,
IX or XV shall not be subject to the tax imposed by this
article.
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Section 2. This act shall take effect immediately.
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