§ 7306. Taxability of partners
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 9, 2013
Effective: July 9, 2013
72 P.S. § 7306
§ 7306. Taxability of partners
Except as provided under section 306.2,1 a partnership as an entity shall not be subject to the tax imposed by this article, but the income or gain of a member of a partnership in respect of said partnership shall be subject to the tax and the tax shall be imposed on his share, whether or not distributed, of the income or gain received by the partnership for its taxable year ending within or with the member's taxable year.
Credits
1971, March 4, P.L. 6, No. 2, art. III, § 306, added 1971, Aug. 31, P.L. 362, No. 93, § 4. Amended 2001, June 22, P.L. 353, No. 23, § 8, effective July 1, 2001; 2013, July 9, P.L. 270, No. 52, § 8, imd. effective.
Footnotes
72 P.S. § 7306.2.
72 P.S. § 7306, PA ST 72 P.S. § 7306
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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