Bill Text: PA HB1062 | 2011-2012 | Regular Session | Introduced

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Bill Title: Further providing for classes of income.

Spectrum: Strong Partisan Bill (Republican 17-1)

Status: (Introduced - Dead) 2011-03-15 - Referred to FINANCE [HB1062 Detail]

Download: Pennsylvania-2011-HB1062-Introduced.html

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PRINTER'S NO. 1153
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1062 Session of2011
INTRODUCED BY CUTLER, BARRAR, BOYD, DENLINGER, EVERETT, FABRIZIO, GABLER, GEIST, GINGRICH, HARRIS, HENNESSEY, HUTCHINSON, KAUFFMAN, METZGAR, MURT, PYLE AND SONNEY, MARCH 15, 2011
REFERRED TO COMMITTEE ON FINANCE, MARCH 15, 2011
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," further providing for classes of income.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 303 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended by
adding a subsection to read:
Section 303. Classes of Income.--(a) The classes of income
referred to above are as follows:
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(a.8) The purchase price at retail or use of an energy
efficient wood heater. The amount of the allowable deduction
shall be ten per cent of the aggregate purchase price of a wood
heater at retail in the taxable year, not to exceed one thousand
dollars ($1,000) or the amount of tax due under this article,
whichever is less. The deduction of this subsection does not
include the leasing, rental, repair or servicing of such system
or product. For the purposes of this subsection, wood heaters
must comply with the most current United States Environmental
Protection Agency certification and must have a permanent EPA
approval label affixed to the heater. The following wood heaters
shall be included under this subsection: wood stoves, pellet
stoves, corn stoves, fireplace inserts or other clean burning
biomass heating devices as certified by the United States
Environmental Protection Agency.
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Section 2. This act shall take effect in 60 days.
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