capital stock and franchise

Time to End Capital Stock and Franchise Tax Nightmare

Have you ever had a nightmare and no matter how many times you try to wake up, it just keeps coming back? Businesses in Pennsylvania that are paying the Capital Stock and Franchise Tax know this problem all too well. Pennsylvania businesses and the commonwealth’s economy have been taxed an extra $6.9 billion thanks to four delays in the past 13 years of the phase-out of the Capital Stock and Franchise Tax (CSFT). Now, some lawmakers are proposing delaying -- yet again -- the elimination of the tax, a proposal that has many in the business community in disbelief.