1. (a) A corporation which is qualified to terminate tax reporting under § 151.11 (relating to termination), but desires to preserve the right to use its name, may submit a Skeleton Report in lieu of an Out of Existence Affidavit or Withdrawal Affidavit. A Skeleton Report shall be filed annually on the corporation’s due date for reporting.
2. (b) Skeleton Report is the report form filed with only the identification, Statement in Support of Inactive Report, and affirmation sections completed.
3. (c) Skeleton Reports are settled at a minimum tax which will be established by the Bureau. Commencing with reports for calendar year 1983 and for each year thereafter, a minimum Capital Stock or Foreign Franchise Tax of $75 is imposed on corporations filing Skeleton Reports. See § 155.29 (relating to minimum tax).
4. (d) Without a Statement in Support of Inactive Report, reports shall be executed in full.
5. (e) The right of the corporation to the use of the corporate name is not jeopardized when Skeleton Reports are filed.

Source

The provisions of this § 151.12 adopted November 11, 1977, effective November 12, 1977, 7 Pa.B. 3317; amended January 16, 1987, effective January 17, 1987, 17 Pa.B. 273. Immediately preceding text appears at serial pages (40491) to (40492).

Cross References

This section cited in 19 Pa. Code § 17.2 (relating to appropriation of the name of a senior corporation); and 61 Pa. Code § 155.29 (relating to minimum tax).