Business Tax Relief – Pennsylvania Manufacturers’ Association

Study after study shows Pennsylvania’s business taxes to be among the highest and least competitive in the nation. The “sticker shock” of high taxes makes it difficult to show a business relocation prospect all of Pennsylvania’s many attributes. To be competitive, it is essential that Pennsylvania continues to reform business tax rates and administration to enhance overall business competitiveness.

Progress is being made as Act 55 of 2022 will gradually lower Pennsylvania’s highest-flat-rate-in-the-nation Corporate Net Income Tax of 9.99% to 4.99% by 2031. But more reforms are needed. Net Operating Loss should be uncapped from the current 40% as Pennsylvania is one of only 3 states that applies such a limit that discourages business investment. Other reforms include but are not limited to fairer and more uniform tax treatment of businesses paying at the Personal Income Tax threshold as is done in other states.

Wolf’s RGGI voided by Commonwealth Court as “invalid tax”

November 01, 2023 | Business Tax Relief | Energy

Pennsylvania’s energy industry and consumers won a massive victory in Commonwealth Court with Wednesday’s ruling that the go-it-alone Regional Greenhouse Gas Initiative (RGGI) regulatory scheme ordered by former Gov. Tom Wolf constitutes a tax, a direct violation of the state Constitution that grants taxing authority solely to the General Assembly. The majority ruling, written by ...

Tax change proposals are a perfect fit for Gov. Shapiro’s economic growth agenda

May 11, 2023 | Business Tax Relief

Governor Josh Shapiro has a prime opportunity early in his tenure to fulfill a campaign promise to invest in Pennsylvania and keep the working talent here instead of fleeing for better opportunities in other states. The governor should throw his support behind legislation in the Senate that would elevate Pennsylvania out of the dismal basement ...

The Cards are on the Table in Governor Shapiro’s First Budget Proposal

March 11, 2023 | Business Tax Relief | Workforce/Education

When political insiders in Harrisburg are asked to describe what a Shapiro Administration might look like, a common word that rises above the others is: transactional. That quality was on full display during Governor Josh Shapiro’s nearly 90-minute budget address in front of a joint session of the PA House and Senate. For Republicans and ...

Pennsylvania’s long climb to business tax competitiveness begins now

July 13, 2022 | Business Tax Relief

For the first time in decades, a business tax reform plan, which includes a scheduled phase-down of the state’s highest-in-nation flat-rate Corporate Net Income Tax (CNIT), has been approved in Harrisburg. The tax reforms were approved as part of a $45.2 billion budget plan that lawmakers and the governor’s office fashioned with the help of ...

Corporate Net Income tax rate on path for reduction

June 23, 2022 | Business Tax Relief

Corporate Net Income tax rate on path for reduction, but details of final plan key to optimizing business competitiveness With the budget negotiations in full swing, all of the Harrisburg decision-makers seem to agree that Pennsylvania’s highest flat-rate-in-the-nation Corporate Net Income Tax (CNIT) should be lowered. But how much the rate is reduced, over what ...

Business Tax Sanity on the Table in General Assembly

May 05, 2022 | Business Tax Relief

Pennsylvania’s business tax burden could finally be on the verge of real reform. With strong bipartisan support, the House last week approved legislation that adjusts two core business taxes as the current high rates and restrictions have inhibited economic growth and driven investment from the commonwealth for decades. The legislation, HB 1960, sponsored by state ...

House Finance Committee Informational Meeting: Pennsylvania’s Business Tax Climate

May 05, 2022 | Business Tax Relief

Legislative review of Wolf’s inflation-happy budget begins in Harrisburg

February 21, 2022 | Business Tax Relief

The annual line-by-line examination of the governor’s final General Fund spending proposal by the House and Senate Appropriations committees is underway. Governor Tom Wolf has simplified the process for lawmakers by offering a preposterous spending hike of nearly 17 percent, or $6 billion, after two years of crushing the productive sector with his pandemic policies. ...

No better time to improve PA business tax climate

January 20, 2022 | Business Tax Relief

On February 8, Governor Tom Wolf will have billions of reasons to ask lawmakers to send him legislation that cuts business tax rates, and not legislation to increase them; unlike his previous requests, which were rejected by the General Assembly in each of his first seven budget proposals. State revenue collections are estimated to run ...

FY2021-22 Budget: No New Taxes, Positive Reforms, More to Do.

June 29, 2021 | Business Tax Relief | Energy

Last Friday, the General Assembly approved a $40.8 billion state spending plan for FYI 2021-22, without raising taxes. This budget, which covers the fiscal year starting July 1, marks seven in a row where lawmakers have rebuffed Gov. Tom Wolf’s requests for higher taxes, as he has proposed historically high tax increases in most years. ...