PRINTER'S NO. 3363
No. 2471 Session of 2000
INTRODUCED BY BROWNE, PESCI, BOYES, TRELLO, McNAUGHTON,
WOJNAROSKI, RUFFING, KAISER, ROBERTS, YEWCIC, LEDERER,
YOUNGBLOOD, BATTISTO, SANTONI, SHANER, McGEEHAN, SAYLOR,
HARHART, HUTCHINSON, SCHRODER, DALLY, RUBLEY AND DiGIROLAMO,
APRIL 17, 2000
REFERRED TO COMMITTEE ON FINANCE, APRIL 17, 2000
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 sales and use tax discount for
11 motor vehicle registered dealers.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 227 of the act of March 4, 1971 (P.L.6,
15 No.2), known as the Tax Reform Code of 1971, is amended to read:
16 Section 227. Discount.--(a) If a return is filed by a
17 licensee and the tax shown to be due thereon less any discount
18 is paid all within the time prescribed, the licensee shall be
19 entitled to credit and apply against the tax payable by him a
20 discount of one per cent of the amount of the tax collected by
21 him on and after the effective date of this article, as
1 compensation for the expense of collecting and remitting the
2 same and as a consideration of the prompt payment thereof.
3 (b) If a purchaser of a motor vehicle permits a registered
4 dealer to remit the tax on behalf of the purchaser and a return
5 is filed by the registered dealer and the tax shown to be due
6 less any discount is paid all within the time prescribed, the
7 registered dealer shall be entitled to credit and apply against
8 the tax paid by the registered dealer a discount of one per cent
9 of the amount of the tax collected by the registered dealer, as
10 compensation for the expense of collecting and remitting the
11 same and as a consideration of the prompt payment thereof.
12 Section 2. This act shall take effect in 60 days.
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