Section 142.2. Tax rate

(a) The board shall establish for its fiscal year the school district personal income tax rate under the provisions of and subject to the limitations contained in the act.

(b) If the tax rate changes during a taxpayer’s taxable year, the taxpayer’s income subject to tax as determined under § 142.1 (relating to tax and imposition) shall be apportioned by multiplying the income by a fraction, the numerator of which must be the number of months in taxpayer’s taxable year prior to the effective date of the tax rate change and the denominator of which must be the number of month’s in the taxpayer’s taxable year. The product must be the taxpayer’s income subject to the tax rate before the rate change. The difference between the product and the taxpayer’s income subject to tax as determined under § 142.1 must be the income subject to the tax rate after the rate change.

Notation

Cross References

This section cited in 61 Pa. Code § 142.1 (relating to tax and imposition); and § 145.3 (relating to form).