SB742 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in bank and trust company shares tax, further providing for ascertainment of taxable amount and exclusion of United States obligations; and providing for ascertainment of taxable amount and construction.

SB742 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in bank and trust company shares tax, further providing for ascertainment of taxable amount and exclusion of United States obligations; and providing for ascertainment of taxable amount and construction. · Informed CitizenryThis bill amends the Tax Reform Code of 1971 regarding the bank and trust company shares tax. Specifically, it modifies the rules for determining the taxable amount of shares by adjusting how deduc…Open in Informed Citizenry