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Corporate Taxes Pennsylvania

Cozen O'Connor

Pennsylvania Perspective for Monday, June 30, 2025

Cozen O'Connor on

Legislators to Miss Budget Deadline Again Amid $5.5B Gap, Policy Disputes -For the fourth consecutive year, Pennsylvania lawmakers have missed the June 30 budget deadline as negotiations stall over how to close a projected...more

Pillsbury - SeeSalt Blog

Pennsylvania Legislation Provides Updates to Corporate Income Tax Law

The Pennsylvania Governor signed H.B. 1342 to enact changes to the state’s corporate income tax.  The legislation modifies the corporate income tax in three ways: (1) adopts a bright-line economic nexus standard; (2) adopts...more

Cozen O'Connor

Pennsylvania Enacts Record Tax Reform

Cozen O'Connor on

Pennsylvania’s 2022-2023 budget, Act of Jul. 8, 2022, P.L. __. No. 53 (Act 2022-53) (HB 1342) implements sweeping tax reform and revises some of Pennsylvania’s most business-unfriendly tax provisions. The bill will:.....more

McDermott Will & Schulte

Pennsylvania Cuts Corporate Tax Rate, Makes Other Changes to Corporate Tax Law

Pennsylvania Governor Tom Wolf has signed into law omnibus tax legislation to implement the Commonwealth’s fiscal year 2022 – 2023 budget. Among other things, the enacted legislation: (1) cuts the corporate net income tax...more

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