§ 582.5. Computation of volume of business
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education
24 P.S. § 582.5
§ 582.5. Computation of volume of business
(a) Every person, subject to the payment of the tax hereby imposed who has commenced his business at least one (1) full year prior to the beginning of any license year shall compute his annual gross volume of business upon the actual gross amount of business transacted by him during the preceding calendar year.
(b) Every person, subject to the payment of the tax hereby imposed, who has commenced his business less than one (1) full year prior to the license year one thousand nine hundred forty-eight, for the license year one thousand nine hundred forty-eight, or who has commenced his business subsequent to the beginning of any license year for such license year and the succeeding license year, shall compute his annual gross volume of business upon the actual gross amount of business transacted by him during the first month of his engaging in such business, multiplied by the number of months of the current license year remaining, or multiplied by twelve (12) for the first full license year he engages in business, as the case may be.
Credits
1947, June 20, P.L. 745, § 5. Reenacted and amended 1949, May 12, P.L. 1238, § 1.
24 P.S. § 582.5, PA ST 24 P.S. § 582.5
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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