PRINTER'S NO. 674
No. 572 Session of 2003
INTRODUCED BY SAINATO, BELARDI, LaGROTTA, SOLOBAY, CAPPELLI,
HERMAN, YOUNGBLOOD, READSHAW, R. STEVENSON, PISTELLA, BARRAR,
SHANER, DALEY, STABACK, TIGUE, LAUGHLIN, DIVEN, HARHAI,
YUDICHAK, PICKETT, GRUCELA, KOTIK, MELIO, HORSEY, SCHRODER,
JAMES, THOMAS AND WASHINGTON, MARCH 3, 2003
REFERRED TO COMMITTEE ON FINANCE, MARCH 3, 2003
AN ACT
1 Amending the act of March 11, 1971 (P.L.104, No.3), entitled, as
2 amended, "An act providing property tax or rent rebate and
3 inflation dividends to certain senior citizens, widows,
4 widowers and permanently disabled persons with limited
5 incomes; establishing uniform standards and qualifications
6 for eligibility to receive rebates and dividends; providing
7 for transportation assistance grants and grants to area
8 agencies on aging for services to older persons; and imposing
9 duties upon the Department of Revenue," further defining
10 "income" to exclude a portion of interest and dividends
11 earned.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 3(1) of the act of March 11, 1971
15 (P.L.104, No.3), known as the Senior Citizens Rebate and
16 Assistance Act, reenacted and amended December 21, 1979
17 (P.L.570, No.131) and amended June 25, 1999 (P.L.226, No.30), is
18 amended to read:
19 Section 3. Definitions.--As used in this act:
20 (1) "Income" means all income from whatever source derived,
21 including but not limited to salaries, wages, bonuses,
1 commissions, income from self-employment, alimony, support
2 money, cash public assistance and relief, the gross amount of
3 any pensions or annuities including railroad retirement benefits
4 for calendar years prior to 1999, and fifty per cent of railroad
5 retirement benefits for calendar years 1999 and thereafter, all
6 benefits received under the Federal Social Security Act (except
7 Medicare benefits) for calendar years prior to 1999, and fifty
8 per cent of all benefits received under the Federal Social
9 Security Act (except Medicare benefits) for calendar years 1999
10 and thereafter, all benefits received under State unemployment
11 insurance laws and veterans' disability payments, all interest
12 received from the Federal or any State government, or any
13 instrumentality or political subdivision thereof, realized
14 capital gains, rentals, workmen's compensation and the gross
15 amount of loss of time insurance benefits, life insurance
16 benefits and proceeds (except the first five thousand dollars
17 ($5,000) of the total of death benefit payments), and gifts of
18 cash or property (other than transfers by gift between members
19 of a household) in excess of a total value of three hundred
20 dollars ($300), but shall not include surplus food or other
21 relief in kind supplied by a governmental agency or property tax
22 or rent rebate [or], inflation dividend or the first five
23 thousand dollars ($5,000) of any interest or dividend earnings.
24 * * *
25 Section 2. This act shall apply to taxable years commencing
26 after December 31, 2002.
27 Section 3. This act shall take effect in 60 days.
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