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§ 7281.2. Transfers to Public Transportation Assistance Fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: December 23, 2003

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 II. Tax for Education (Refs & Annos)
Part VII. Repealer; Appropriation; Effective Date
Effective: December 23, 2003
72 P.S. § 7281.2
§ 7281.2. Transfers to Public Transportation Assistance Fund
Currentness
(a) All revenues received on or after July 1, 1992, from the imposition of the tax on periodicals shall be transferred to the Public Transportation Assistance Fund according to the formula set forth in subsection (b).
(b) Within 30 days of the close of any calendar month, .44 per cent (.0044) of the taxes received in the previous month under this article, less any amounts collected in that previous calendar month under former 74 Pa.C.S. § 1314(d) (relating to Public Assistance Transportation Fund), shall be transferred to the Public Transportation Assistance Fund established under Article XXIII.1
(c) In fiscal year 1991-1992, the Secretary of Revenue will ensure that ten million dollars ($10,000,000) is deposited in the Public Assistance Transportation Fund from the combination of revenues received under former 74 Pa.C.S. § 1314(d) and transfers of periodical taxes received under this article.
(d) Within 30 days of the close of any calendar month, .09 per cent (.0009) of the taxes received in the previous month under this article shall be transferred to the Public Transportation Assistance Fund established under Article XXIII.
(e) Within 30 days of the close of a calendar month, .417 per cent (.00417) of the taxes received in the previous month under this article shall be transferred to the Public Transportation Assistance Fund established under Article XXIII.

Credits

1971, March 4, P.L. 6, No. 2, art. II, § 281.2, added 1991, Dec. 13, P.L. 373, No. 40, § 3, imd. effective. Amended 1994, June 16, P.L. 279, No. 48, § 4, effective April 1, 1995; 2003, Dec. 23, P.L. 250, No. 46, § 5, imd. effective.

Footnotes

1
72 P.S. § 9301 et seq.
72 P.S. § 7281.2, PA ST 72 P.S. § 7281.2
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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