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§ 7307.4. Termination by corporation ceasing to be a small corporation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 7, 2006

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article III. Personal Income Tax (Refs & Annos)
Part IV-a. Pennsylvania S Corporations
Effective: July 7, 2006
72 P.S. § 7307.4
§ 7307.4. Termination by corporation ceasing to be a small corporation
Currentness
(a) If a corporation ceases to be a small corporation, as defined in section 301(s.2),1 the corporation's status as a Pennsylvania S corporation shall terminate.
(b) Such termination shall be effective on the date on which the corporation ceases to be a small corporation, as defined in section 301(s.2).

Credits

1971, March 4, P.L. 6, No. 2, art. III, § 307.4, added 1983, Dec. 23, P.L. 370, No. 90, § 4, effective Jan. 1, 1984. Amended 2006, July 6, P.L. 319, No. 67, § 5, imd. effective.

Footnotes

1
72 P.S. § 7301.
72 P.S. § 7307.4, PA ST 72 P.S. § 7307.4
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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