corporate-net-income-tax

Pennsylvania Capitol Building. May 24, 2022. Harrisburg, Pa. (Photo by Amanda Berg, for the Capital-Star).

Democratic changes to Pa. budget bill that boost tax cuts, film credits anger House GOP

BY: - October 4, 2023

A tax reform bill that would hasten cuts to Pennsylvania’s corporate tax rate and allow businesses to deduct a greater share of their losses drew the ire of House Republicans after it passed Tuesday night.  Although the legislation includes policies with bipartisan support, GOP leaders criticized Democrats, who control the state House, for amending the […]

New Pa. budget includes long-sought corporate tax cut

BY: - July 13, 2022

The recently approved state budget includes a long-sought reduction to Pennsylvania’s corporate net income tax, one of the highest in the nation.  The tax will be lowered from the current 9.99 percent — a figure not changed since 1995 — to 8.99 percent this year. It will then drop an additional 0.5 percent each year […]

A proposed reduction to Pennsylvania's corporate net income tax could be included in this year's state budget.

Adding to this year’s budget drama: How to cut Pa.’s corporate tax rate

BY: - July 5, 2022

A cut to Pennsylvania's corporate net income tax still could be included in this year's state budget.

With budget season approaching, Pennsylvania business leaders want a corporate tax cut

BY: - June 1, 2022

Pennsylvania chambers of commerce say a tax cut will attracts businesses and create jobs.