PRINTER'S NO. 1744
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1462
Session of
2023
INTRODUCED BY FIEDLER, DALEY, SCOTT, SAMUELSON, INNAMORATO,
KRAJEWSKI, DELLOSO, N. NELSON, RABB, MADSEN, HILL-EVANS,
KINSEY, T. DAVIS, MADDEN, SANCHEZ, FREEMAN, DONAHUE, WAXMAN,
BOYD, SHUSTERMAN, BURGOS, STURLA, OTTEN, WARREN, ABNEY,
BRENNAN, O'MARA, HANBIDGE, WEBSTER, GALLAGHER AND
D. WILLIAMS, JUNE 27, 2023
REFERRED TO COMMITTEE ON FINANCE, JUNE 27, 2023
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, for reports and payment of tax and for
consolidated reports; and, in general provisions, further
providing for underpayment of estimated tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 401(3)1(a), (b), (t) and (5) of the act
of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of
1971, are amended, (3)2(a)(9)(A) is amended by adding a unit,
(3)1 and (3)4 are amended by adding phrases and the section is
amended by adding clauses to read:
Section 401. Definitions.--The following words, terms, and
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