S1149B1538A04151 MSP:CDM 04/26/24 #90 A04151
AMENDMENTS TO SENATE BILL NO. 1149
Sponsor: SENATOR HUTCHINSON
Printer's No. 1538
Amend Bill, page 1, lines 14 through 22; page 2, lines 1
through 3; by striking out all of said lines on said pages and
inserting
Section 1. Section 303(a.7) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
by adding a paragraph to read:
Section 303. Classes of Income.--* * *
(a.7) The following apply:
* * *
(7) An amount received from the Federal or State Government
or Norfolk Southern Railway, or an agent thereof, as a result of
the train derailment that occurred in East Palestine, Ohio, on
February 3, 2023, shall not be considered income subject to the
tax imposed by this article.
* * *
Amend Bill, page 2, line 4, by striking out "This act" and
inserting
The addition of section 303(a.7)(7) of the act
2024/90MSP/SB1149A04151 - 1 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18