PRINTER'S NO. 602
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
539
Session of
2019
INTRODUCED BY SCAVELLO, SCARNATI AND KILLION, APRIL 10, 2019
REFERRED TO FINANCE, APRIL 10, 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 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 subsection to read:
Section 303. Classes of Income.--* * *
(a.10) The following shall apply:
(1) An amount equal to seventy-five per cent of the amount
paid as assessments to a community association shall be
deductible from taxable income on the annual personal income tax
return. The amount paid as assessments to a community
association allowable as a deduction under this subsection may
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not result in taxable income being less than zero.
(2) For purposes of this subsection:
(i) The term "community association" shall mean the owners
association established to operate and manage a condominium,
cooperative or planned community located within the
Commonwealth.
(ii) The term " assessments " shall mean any fee or payment
required of a homeowner for membership and participation in a
community association.
* * *
Section 2. The addition of section 303(a.10) of the act
shall apply to taxable years beginning after December 31, 2018.
Section 3. This act shall take effect January 1, 2020, or
immediately, whichever is later.
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