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Senate Finance Committee
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459 Main Capitol Building
Harrisburg, PA 17120-3016
(717) 787-1349 |
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Senator Patrick M. Browne
Chairman |
Stacey M. Connors, Esq.
Executive Director
sconnors@pasen.gov
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Finance Committee Meeting
September 22, 2008
12:00 pm in Room 461 Main Capitol
Please click on the bill to view the
summary. This will open a PDF file in a new browser.
Senate Bill 1231 (Senator Madigan): Amends the Tax Reform Code of
1971, providing a sales and use tax exemption for aviation and aviation
services within the Commonwealth.
Amendment A08934 (Browne):
- Inserts the term "or use" to clarify that the tax exemption applies
to: the sale at retail or use of repair or replacement parts, including
the installation of those parts, exclusively for use in aircraft or in
overhauling or rebuilding of aircraft or aircraft components; and the
sale or lease at retail or use of aircraft.
- Defines "aircraft" as the term is defined in §201(c)(7), as fixed
wing aircraft, helicopter, powered aircraft, tilt-rotor or tilt-wing
aircraft, glider or unmanned aircraft.
- Changes the effective date of the legislation to July 1, 2009
Amendment A09055 (Browne):
- The Small Brewers' tax credit expires December 31, 2008. A09055
removes two lines from the Tax Reform Code relating to this credit which
would thereby extend the credit beyond December 31, 2008:
- Removes the "effective period" of the tax credit, the period
from January 1, 1974 to December 31, 2008, inclusive.
- Removes the prohibition that no credit shall be allowed against
any tax due for any taxable period ending after December 31, 2008.
Senate
Bill 1258 (Senator Rhoades): Amends the Third Class County
Assessment Board Law, to provide that, other than during a countywide
reassessment, an appeal by a corporate authority of any borough, town,
township, school, institution and poor district, and county, may be taken
from an assessment only when a parcel of land is divided and conveyed away
in smaller parcels, when improvements are made to real property, or when
existing improvements are removed from real property or are destroyed.
Amendment A09101 (Browne):
This amendment to SB 1258 and the companion amendment to HB 1439
address the Governor's veto of companion legislation, Senate Bill 1247 and House
Bill 1438.
This amendment:
- Changes the title of the legislation to apply to the Fourth to Eighth
Class and Selective County Assessment Law instead of the Third Class County
Assessment Board Law
- Provides that a corporate authority may appeal an assessment if one of
the following applies:
- The appeal is from an assessment established during a countywide
reassessment and the appeal is filed no later than the first day of
September of the taxable year following the year for which the newly
established values from the countywide reassessment shall take effect
- The property or parcel has been divided and conveyed away in smaller
parcels
- Improvements have been made to real property
- Existing improvements have been removed from real property or have
been destroyed
- One of the following occurs:
- The property has an assessed value which, when divided by the
county’s common level ratio most recently determined by the State
Tax Equalization Board, results in a value that is at least two
hundred thousand dollars ($200,000) less than its actual current
market value.
- The additional revenue to be collected by the appealing
corporate authority is greater than or equal to five thousand
dollars $5,000 per year.
- The amendment shall apply to appeals filed on or after July 1, 2008.
- The act shall take effect immediately.
House Bill
1439 (Representative Seip): Amends the Fourth to Eighth Class and
Selective County Assessment Law, to provide that, other than during a countywide
reassessment, an appeal by a corporate authority of any county, borough, town,
township, or school district, may be taken from an assessment only when a parcel
of land is divided and conveyed away in smaller parcels, when improvements are
made to the real property, or when existing improvements are removed from the
property or are destroyed.
Amendment A09100 (Browne):
This amendment to HB 1439 and the companion amendment to SB 1258
address the Governor's veto of companion legislation, Senate Bill 1247 and House
Bill 1438.
This amendment:
- Changes the title of the legislation to apply to the Third Class County
Assessment Board Law instead of the Fourth to Eighth Class and Selective
County Assessment Law
- Provides that a corporate authority may appeal an assessment if one of
the following applies:
- The appeal is from an assessment established during a countywide
reassessment and the appeal is filed no later than the first day of
September of the taxable year following the year for which the newly
established values from the countywide reassessment shall take effect
- The property or parcel has been divided and conveyed away in smaller
parcels
- Improvements have been made to real property
- Existing improvements have been removed from real property or have been
destroyed
- One of the following occurs:
- The property has an assessed value which, when divided by the
county’s common level ratio most recently determined by the State Tax
Equalization Board, results in a value that is at least two hundred
thousand dollars ($200,000) less than its actual current market value.
- The additional revenue to be collected by the appealing corporate
authority is greater than or equal to five thousand dollars $5,000 per
year.
- The amendment shall apply to appeals filed on or after July 1, 2008.
- The act shall take effect immediately.
Senate Bill 1584 (Senator Armstrong): Establishes the Protecting
Pennsylvania's Investments Act, providing for divestiture by the State
Treasurer, the Pennsylvania Municipal Retirement System, the State Employees'
Retirement System, and the Public School Employees' Retirement System of
investments in companies doing business in Iran and Sudan.
House Bill 1086 (Representative Shapiro): Establishes the Protecting
Pennsylvania's Investments Act, providing for divestiture by the State
Treasurer, the State Employees' Retirement System and the Public School
Employees' Retirement System of investments in companies doing business in Iran
and Sudan.
Amendment
A09123 (Armstrong): Amends HB 1086 PN 4039 to make it consistent with
SB 1584 (above).
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