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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
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
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
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