PRINTER'S NO. 673
No. 571 Session of 2003
INTRODUCED BY SAINATO, MARKOSEK, GEORGE, SOLOBAY, CAPPELLI, HERMAN, ALLEN, YOUNGBLOOD, READSHAW, R. STEVENSON, PISTELLA, BARRAR, BELARDI, LaGROTTA, SHANER, DALEY, STABACK, TIGUE, LAUGHLIN, DIVEN, HARHAI, PICKETT, YUDICHAK, KOTIK, HASAY, JAMES, MELIO, HORSEY, THOMAS, SCHRODER, GRUCELA AND WASHINGTON, MARCH 3, 2003
REFERRED TO COMMITTEE ON FINANCE, MARCH 3, 2003
AN ACT 1 Amending the act of August 26, 1971 (P.L.351, No.91), entitled 2 "An act providing for a State Lottery and administration 3 thereof; authorizing the creation of a State Lottery 4 Commission; prescribing its powers and duties; disposition of 5 funds; violations and penalties therefor; exemption of prizes 6 from State and local taxation and making an appropriation," 7 further defining "income" for "PACE" and "PACENET" to exclude 8 a portion of interest and dividends earned. 9 The General Assembly of the Commonwealth of Pennsylvania 10 hereby enacts as follows: 11 Section 1. The definition of "income" in section 502 of the 12 act of August 26, 1971 (P.L.351, No.91), known as the State 13 Lottery Law, added November 21, 1996 (P.L.741, No.134), is 14 amended to read: 15 Section 502. Definitions. 16 The following words and phrases when used in this chapter 17 shall have the meanings given to them in this section unless the 18 context clearly indicates otherwise: 19 * * *
1 "Income." All income from whatever source derived, 2 including, but not limited to, salaries, wages, bonuses, 3 commissions, income from self-employment, alimony, support 4 money, cash public assistance and relief, the gross amount of 5 any pensions or annuities, including railroad retirement 6 benefits, all benefits received under the Social Security Act 7 (49 Stat. 620, 42 U.S.C. § 301 et. seq.) (except Medicare 8 benefits), all benefits received under State unemployment 9 insurance laws and veterans' disability payments, all interest 10 received from the Federal Government or any state government or 11 any instrumentality or political subdivision thereof, realized 12 capital gains, rentals, workmen's compensation and the gross 13 amount of loss of time insurance benefits, life insurance 14 benefits and proceeds, except the first $5,000 of the total of 15 death benefits payments, and gifts of cash or property, other 16 than transfers by gift between members of a household, in excess 17 of a total value of $300, but shall not include surplus food or 18 other relief in kind supplied by a government agency [or], 19 property tax rebate or the first $5,000 of any interest or 20 dividend earnings. 21 * * * 22 Section 2. This act shall take effect July 1, 2003. B10L72MSP/20030H0571B0673 - 2 -