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PRINTER'S NO. 591
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
598
Session of
2015
INTRODUCED BY MENSCH, BARTOLOTTA, GREENLEAF, BROWNE, VULAKOVICH,
WARD, YAW, GORDNER, VOGEL, STEFANO, FOLMER, BOSCOLA, WHITE,
HUTCHINSON, BROOKS AND WAGNER, MARCH 6, 2015
REFERRED TO FINANCE, MARCH 6, 2015
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, further providing for
the definition of "taxable income."
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 401(3)4(c) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, amended
October 9, 2009 (P.L.451, No.48) and July 9, 2013 (P.L.270,
No.52), is amended to read:
Section 401. Definitions.--The following words, terms, and
phrases, when used in this article, shall have the meaning
ascribed to them in this section, except where the context
clearly indicates a different meaning:
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