61 Pa. Code § 155.25

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

Section 155.25 - Capital stock value-fixed formula

(a) For calendar years 1984, 1985 and 1986 and fiscal years beginning in 1984, 1985 and 1986:

Capital Stock Value is the amount computed under the following formula: one-half times the sum of the average net income capitalized at the rate of 9 1/2% plus 75% of net worth, the algebraic equivalent of which is:

.5 x (average net income/.095 + (.75) (net worth)).

(b) For calendar year 1987 and fiscal years beginning in 1987 and each year thereafter:

Capital Stock Value is the amount computed under the following formula: the product of one-half times the sum of the average net income capitalized at the rate of 9 1/2% plus 75% of net worth from which product shall be subtracted $50,000, the algebraic equivalent of which is:

.5 x (average net income/.095 + (.75) (net worth))) - 50,000

61 Pa. Code § 155.25

The provisions of this § 155.25 adopted January 16, 1987, effective 1/17/1987, 17 Pa.B. 273.

The provisions of this § 155.25 issued under section 408 of the Tax Reform Code of 1971 (72 P. S. § 7408).

This section cited in 61 Pa. Code § 155.21 (relating to general).