Bill Text: PA HB862 | 2009-2010 | Regular Session | Introduced

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Bill Title: Providing for a tax credit for donation of used computers; and further defining "taxable income" relating to the corporate net income tax.

Spectrum: Slight Partisan Bill (Republican 19-10)

Status: (Introduced - Dead) 2009-03-11 - Referred to FINANCE [HB862 Detail]

Download: Pennsylvania-2009-HB862-Introduced.html

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PRINTER'S NO. 975
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 862 Session of2009
INTRODUCED BY REICHLEY, BELFANTI, BEYER, BOYD, BRENNAN, CALTAGIRONE, CREIGHTON, DALLY, DENLINGER, EVERETT, GEIST, GINGRICH, HORNAMAN, KILLION, KORTZ, LONGIETTI, MAJOR, MURT, PETRARCA, PICKETT, PYLE, RAPP, READSHAW, ROHRER, SCAVELLO, SIPTROTH, TRUE, YOUNGBLOOD AND QUINN, MARCH 11, 2009
REFERRED TO COMMITTEE ON FINANCE, MARCH 11, 2009
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," providing for a tax credit for donation of used
computers; and further defining "taxable income" relating to
the corporate net income tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding a section to
read:
Section 314.1. Tax Credit for Donation of Used Computers.--
(a) A taxpayer shall be allowed a credit against the tax
imposed by this article for the donation of a used computer to a
charitable organization, volunteer firemen's organization,
nonprofit education institution or religious organization. The
credit authorized by this section shall be equal to the fair
market value of the used computer multiplied by the rate of tax
imposed pursuant to section 302.
(b) The credit provided under this section shall not exceed
the amount of the tax otherwise due under this article.
(c) The Secretary of Revenue may promulgate regulations to
implement this section.
Section 2. Section 401(3)1 of the act is amended by adding a
paragraph 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:
* * *
(3) "Taxable income." 1. * * *
(t) An additional deduction shall be allowed from taxable
income in the amount of the fair market value of a used computer
donated to a charitable organization, volunteer firemen's
organization, nonprofit education institution or religious
organization.
* * *
Section 3. This act shall apply to taxable years beginning
after December 31, 2008.
Section 4. This act shall take effect immediately.
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