Bill Text: PA HB368 | 2009-2010 | Regular Session | Introduced

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Bill Title: Further providing for declarations of estimated tax.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2009-02-13 - Referred to FINANCE [HB368 Detail]

Download: Pennsylvania-2009-HB368-Introduced.html

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PRINTER'S NO. 422
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 368 Session of2009
INTRODUCED BY SIPTROTH, BEYER, BRENNAN, BROWN, CARROLL, D. COSTA, DeLUCA, GEORGE, GRUCELA, HESS, KOTIK, LONGIETTI, MANDERINO, MOUL, PAYNE, PICKETT, READSHAW, REICHLEY, SCAVELLO, SOLOBAY, THOMAS, WATSON AND GIBBONS, FEBRUARY 13, 2009
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 13, 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," further providing for declarations of estimated
tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 325(a) and (d) of the act of March 4,
1971 (P.L.6, No.2), known as the Tax Reform Code of 1971,
amended May 12, 1999 (P.L.26, No.4), are amended to read:
Section 325. Declarations of Estimated Tax.--(a) Every
resident and nonresident individual, trust and estate shall at
the time hereinafter prescribed make a declaration of his or its
estimated tax for the taxable year, containing such information
as the department may prescribe by regulations, if his or its
income, other than from compensation on which tax is withheld
under this article, can reasonably be expected to exceed [eight
thousand dollars ($8,000)] fifteen thousand dollars ($15,000).
* * *
(d) Except as hereinafter provided, the date for filing a
declaration of estimated tax shall depend upon when the resident
or nonresident individual, trust or estate determines that his
or its income on which no tax has been withheld under this
article can reasonably be expected to exceed [eight thousand
dollars ($8,000)] fifteen thousand dollars ($15,000) in the
taxable year, as follows:
(1) If the determination is made on or before April 1 of the
taxable year, a declaration of estimated tax shall be filed no
later than April 15 of the taxable year.
(2) If the determination is made after April 1 but before
June 2 of the taxable year, the declaration shall be filed no
later than June 15 of such year.
(3) If the determination is made after June 1 but before
September 2 of the taxable year, the declaration shall be filed
no later than September 15 of such year.
(4) If the determination is made after September 1 of the
taxable year, the declaration shall be filed no later than
January 15 of the year succeeding the taxable year.
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Section 2. This act shall take effect in 60 days.
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