PRINTER'S NO. 584
No. 560 Session of 1999
INTRODUCED BY TRICH, HUTCHINSON, ALLEN, TANGRETTI, COY, PRESTON, TRELLO, SAINATO, VAN HORNE, YOUNGBLOOD, STEELMAN, McCALL, ROBINSON AND L. I. COHEN, FEBRUARY 10, 1999
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 10, 1999
AN ACT 1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An 2 act relating to tax reform and State taxation by codifying 3 and enumerating certain subjects of taxation and imposing 4 taxes thereon; providing procedures for the payment, 5 collection, administration and enforcement thereof; providing 6 for tax credits in certain cases; conferring powers and 7 imposing duties upon the Department of Revenue, certain 8 employers, fiduciaries, individuals, persons, corporations 9 and other entities; prescribing crimes, offenses and 10 penalties," providing for a transfer of a portion of the 11 personal income tax revenues to the counties for economic 12 development purposes. 13 The General Assembly of the Commonwealth of Pennsylvania 14 hereby enacts as follows: 15 Section 1. The act of March 4, 1971 (P.L.6, No.2), known as 16 the Tax Reform Code of 1971, is amended by adding a section to 17 read: 18 Section 302.3. Distribution to Counties.--(a) At the close 19 of the fiscal year ending on June 30, 1999, and at the close of 20 the next succeeding four fiscal years, the Commonwealth shall 21 set aside for distribution to the counties of this Commonwealth 22 as provided in subsection (b) revenues derived from the tax
1 imposed under section 302, equal to the amount of revenue 2 derived from a personal income tax rate of one-tenth of one per 3 cent. 4 (b) The total amount of money set aside under subsection (a) 5 shall be distributed by the State Treasurer to each county of 6 this Commonwealth on a per capita basis based on the last 7 Federal dicennial census population figures for each county. The 8 distribution shall be made on or before September 1 of each 9 year. 10 (c) Moneys received by counties under this section shall 11 only be used for economic development projects or job creation 12 programs or as local matching funds to secure additional 13 economic development projects and job creation programs. 14 (d) The provisions of this section shall expire January 1, 15 2004. 16 Section 2. This act shall take effect immediately. A19L72RZ/19990H0560B0584 - 2 -