Section 451.5. Adjustments for fiscal year ending before July 1981  


Latest version.
  • (a) For individuals whose fiscal year will end prior to July 1981, substitute the number (X) arrived at through the following computation for $4,260 wherever that amount appears in this chapter: X is the sum of the number of months prior to July 1980 which are in the individual’s fiscal year divided by 12, multiplied by $4,200, plus the number of months after and including July 1980 which are in the individual’s fiscal year divided by 12, multiplied by $4,260.

    (# of months prior to July 1980)


    x 4,200
    12
    +
    (# of months after and including July 1980)

    x 4,260 = X
    12

    (b) [Reserved].

The provisions of this § 451.5 adopted January 19, 1979, effective December 4, 1978, 9 Pa.B. 251; amended July 25, 1980, effective July 1, 1980, 10 Pa.B. 3102. Immediately preceding text appears at serial page (39229).

Notation

Cross References

This section cited in 55 Pa. Code § 451.3 (relating to requirements); and 55 Pa. Code § 451.4 (relating to procedures).