PRINTER'S NO. 214
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
230
Session of
2019
INTRODUCED BY KILLION, BROWNE, FOLMER, MARTIN, PHILLIPS-HILL,
REGAN, SCAVELLO AND J. WARD, FEBRUARY 7, 2019
REFERRED TO EDUCATION, FEBRUARY 7, 2019
AN ACT
Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An
act relating to the public school system, including certain
provisions applicable as well to private and parochial
schools; amending, revising, consolidating and changing the
laws relating thereto," in educational tax credits, further
providing for definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "pass-through entity" in
section 2002-B of the act of March 10, 1949 (P.L.30, No.14),
known as the Public School Code of 1949, is amended and the
section is amended by adding a definition to read:
Section 2002-B. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Pass-through entity." A partnership as defined in section
301(n.0) of the act of March 4, 1971 (P.L.6, No.2), known as the
Tax Reform Code of 1971, a single-member limited liability
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company treated as a disregarded entity for Federal income tax
purposes or a Pennsylvania S corporation as defined in section
301(n.1) of the Tax Reform Code of 1971. The term includes a
pass-through entity that owns an interest in a pass-through
entity. The term also includes a qualified Subchapter S trust.
* * *
"Qualified Subchapter S trust." As defined in section
1361(d)(3) of the Internal Revenue Code of 1986.
* * *
Section 2. The amendment of section 2002-B of the act shall
apply retroactively to January 1, 2015.
Section 3. This act shall take effect immediately.
20190SB0230PN0214 - 2 -
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