Tax applicability

Act 14 of 1949, § 2214-A, under PUBLIC SCHOOL CODE OF 1949.

Act 14 of 1949, § 2214-A

Section 2214-A. Tax applicability.

Loan forgiveness repayments received by a student shall not be considered taxable income for purposes of Article III of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971.

(2214-A added Oct. 30, 2001, P.L.828, No.83)