61 Pa. Code § 153.11

Current through Register Vol. 54, No. 24, June 15, 2024

Section 153.11 - Definition of "taxable income

As used in this chapter, the term "taxable income" means "Federal taxable income before net operating loss deduction and special deductions" (presently Line 28 of Page 1 of Federal IRS Form 1120 or Line 24 of Page 1 of Federal IRS Form 1120-A) as returned to and ascertained by the Federal government and as modified or adjusted under section 401(3)1. of the TRC (72 P. S. § 7401(3) 1.) and under this chapter, unless the context clearly indicates otherwise.

61 Pa. Code § 153.11

The provisions of this § 153.11 amended November 3, 1978, effective 11/4/1978, 8 Pa.B. 3035; amended January 1, 1987, effective 1/17/1987, 17 Pa.B. 273; amended March 19, 1993, effective 3/20/1993, 23 Pa.B. 1322.

The provisions of this § 153.11 amended under section 408 of the Tax Reform Code of 1971 (72 P. S. § 7408).