§ 8296. Disposition of certain funds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 13, 2016
Effective: July 13, 2016
72 P.S. § 8296
§ 8296. Disposition of certain funds
(c) For any fiscal year after the effective date of this subsection1 in which the revenue deposited into the Local Cigarette Tax Fund from an excise tax imposed and assessed upon the sale or possession of cigarettes within a school district that is coterminous with a city of the first class is less than fifty eight million dollars ($58,000,000), the State Treasurer shall transfer receipts deposited into the General Fund in accordance with this section to the Local Cigarette Tax Fund in an amount equal to the difference between the revenue deposited during the fiscal year and fifty eight million dollars ($58,000,000) to be disbursed as provided under 53 Pa.C.S. § 8722(i) (relating to local option cigarette tax in school districts of the first class). The Secretary of Revenue shall determine the amount to be transferred. The transfers required under this subsection shall be made annually by July 15.
Credits
1971, March 4, P.L. 6, No. 2, art. XII, § 1296, added 1981, Dec. 21, P.L. 482, No. 141, § 5, effective in 30 days. Amended 1991, Aug. 4, P.L. 97, No. 22, § 35, imd. effective; 1997, May 7, P.L. 85, No. 7, § 21, retroactive effective Jan. 1, 1997; 2002, June 29, P.L. 559, No. 89, § 26, effective July 1, 2002; 2016, July 13, P.L. 526, No. 84, § 17.1, imd. effective.
Footnotes
Subsec. (c) added by 2016, July 13, P.L. 526, No. 84, imd. effective.
72 P.S. § 8296, PA ST 72 P.S. § 8296
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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