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HomeMy WebLinkAbout87-575 MascaraSTATE ETHICS COMMISSION 308 FINANCE BUILDING HARRISBURG, PA 17120 TELEPHONE: (717) 783 -1610 May 20, 1987 ADVICE OF COUNSEL Mr. Frank R. Mascara Washington County Courthouse Square, Room 702 Washington, PA 15301 Re: Statement of Financial Interest, Capital Gain Dear Mr. Mascara: 87 -575 This responds to your letter of May 7, 1987, wherein you advice of the State Ethics Commission. Issue: Whether capital gains resulting from the sale of real reported on the Statement of Financial Interest. Facts: You have requested an opinion from the State Ethics Commission regarding whether capital gains are reportable under the income reporting requirements of the State Ethics Act. Specifically, you have indicated that during the middle of the 1960's you purchased several lots. You are in the process of selling this property and will realize a long -term capital gain as a result thereof. You have requested the advice of the Commission regarding whether income received from this source would be reportable under the State Ethics Act. requested the estate must be Discussion: Generally the State Ethics Act provides that all public employees must file a statement of financial interest in accordance with the provisions of the State Ethics Act by May 1 of every year in which they are in office and for the year following the termination of their public service. 65 P.S. §404. Additionally, this requirement is equally applicable to public officials. Kramer v. State Ethics Commission, 56 Pa. Commw. Ct. 160, 424 A.2d 968, (1981); Carter, 79 -066. The regulations of the State Ethics Commission further require §4.4.Incumbent and former public officials. (a) Incumbent officials of the Commonwealth's executive, legislative, and judicial branches and other statewide offices who are not candidates shall file their Statement of Financial Interests with the Commission and a copy with the agency in which they hold office by May 1 of each year in which they hold office. 51 Pa. Code 4.4(a). Mr. Frank R. Mascara May 20, 1987 Page 2 (b) Incumbent public officials in governmental bodies other than those specified in subsection (a) who are not candidates shall file their Statement of Financial Interests only with their governmental body. 51 Pa. Code 4.4(b). As an elected county commissioner, you are clearly a public official within the purview of the State Ethics Act and therefore are required to file a statement of financial interests in accordance with the provisions thereof. The State Ethics Act requires that the statement of financial interest filed in accordance with the provisions of law must include Section 5. Statement of financial interests. (b) The statement shall include the following information for the prior calendar year with regard to the person required to file the statement and the members of his immediate family: (5) The name and address of any person who is the direct or indirect source of i ncome totalling in the aggregate of $500 or more. However, this provision shall not be construed to require the divulgence of confidential information protected by statute or existing professional codes of ethics. The Act defines income as follows: Section 2. Definitions. "Income." Any money or thing of value received, or to be received as a claim on future services, whether in the form of a fee, salary, expense, allowance, forbearance, forgiveness, interest, dividend, royalty, rent, capital gain or any other form of recompense or any combination thereof. 65 P.S. 402. The regulations of the Commission further define income as follows: Section 1.1. Definitions. Income - -- As defined in the act, but the term refers to gross income; prize winnings constitute income, not gifts; the term includes tax exempt income. The term does not include social security; welfare; general Mr. Frank R. Mascara May 20, 1987 Page 3 assistance; domiciliary care programs; retirement, pension, and annuity payments funded totally by contributions of the public official /employe; unemployment compensation, including employer and union funded programs; worker's compensation; or miscellaneous, incidental income of minor dependent children from newspaper routes, babysitting, lawn- mowing and the like. 51 Pa. Code 1.1. Based upon the foregoing, it i provides for the reporting of including capital gain income. person, entity, individual or a source of income if such is s clear that' the State Ethics Act specifically all income received by a public official As such, you would be required to report the governmental body to whom said lots are sold as in excess of $500. Conclusion: The State Ethics Act requires public officials to file statements of financial interest by May 1 of every year and for the year following their termination of service. Such reporting requirement would include disclosure of all sources of income in excess of $500 including income in the form of capital gains. Pursuant to Section 7(9)(i1), this Advice is a complete defense in any enforcement proceeding initiated by the Commission, and evidence of good faith conduct in any other civil or criminal proceeding, providing the requestor has disclosed truthfully all the material facts and committed the acts complained of in reliance on the Advice given. This letter is a public record and will be made available as such. Finally, if you disagree with this Advice or if you have any reason to challenge same, you may request that the full Commission review this Advice. A personal appearance before the Commission will be scheduled and a formal Opinion from the Commission will be issued. Any such appeal must be made, in writing, to the Commission within 15 days of service of this Advice pursuant to 51 Pa. Code 2.12. ino Actin eneral Counsel