PENNSYLVANIA, May 28 - PRINTER'S NO. 820

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

720

Session of

2021

INTRODUCED BY MENSCH, AUMENT, MARTIN, MASTRIANO, STEFANO AND

J. WARD, MAY 28, 2021

REFERRED TO FINANCE, MAY 28, 2021

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 personal income tax, further providing for

imposition of tax.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 302 of the act of March 4, 1971 (P.L.6,

No.2), known as the Tax Reform Code of 1971, is amended to read:

Section 302. Imposition of Tax.--(a) Every resident

individual, estate or trust shall be subject to, and shall pay

for the privilege of receiving each of the classes of income

hereinafter enumerated in section 303, a tax upon each dollar of

income received by that resident during that resident's taxable

year at the rate of [three and seven] two and ninety-nine

hundredths per cent.

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