Bill Text: PA SB952 | 2009-2010 | Regular Session | Introduced

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Bill Title: Further providing for additions to tax.

Sponsorship: Slight Partisan Bill (Republican 10-5)

Status: (Introduced - Dead) 2009-09-09 - Re-committed to APPROPRIATIONS [SB952 Detail]

Download: Pennsylvania-2009-SB952-Introduced.html

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PRINTER'S NO. 1155
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 952 Session of2009
INTRODUCED BY TOMLINSON, ORIE, ALLOWAY, WARD, FONTANA, RAFFERTY, WASHINGTON, M. WHITE, WOZNIAK, WAUGH, FOLMER, BOSCOLA, KITCHEN AND EARLL, JUNE 11, 2009
REFERRED TO FINANCE, JUNE 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," further providing for additions to tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 352(d)(2) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, amended
July 7, 2005 (P.L.149, No.40), is amended to read:
Section 352. Additions, Penalties and Fees.--* * *
(d) * * *
(2) No addition to tax shall be imposed if the total amount
of all payments of estimated tax made on or before the last date
prescribed for the payment of such installment equals or exceeds
the lesser of:
(A) The amount which would have been required to be paid on
or before such date if the estimated tax were an amount equal to
the tax computed, at the rates applicable to the taxable year,
but otherwise on the basis of the facts shown on his return for,
and the law applicable to, the preceding taxable year; [or]
(B) An amount equal to ninety per cent of the tax computed,
at the rates applicable to the taxable year, on the basis of the
actual income for the months in the taxable year ending before
the month in which the installment is required to be paid, or,
in the case of a trust or estate, an amount equal to ninety per
cent of the applicable percentage of the tax for the taxable
year as determined pursuant to section 6654(d)(2)(C)(ii) of the
Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. §
6654), as amended, at rates applicable to the taxable year,
computed on an annualized basis in accordance with United States
Treasury regulations, based upon the actual income for the
months of the taxable year ending with the last day of the
second preceding month prior to the month in which the
installment is required to be paid[.]; or
(C) An amount equal to the tax liability for the preceding
taxable year.
Section 2. This act shall take effect in 60 days.
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