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PA Budget - Minor Tax & Escheat Impacts

On June 30th, the Pennsylvania House and Senate adopted a budget for FY 2014-15 which requires no major tax increases. The Governor signed the budget and accompanying Fiscal Code bill on July 10th, after making several line...more

7/14/2014 - Escheat State Budgets State Taxes

OUCH! Do PA Revenue Shortfalls Foretell PA Tax Increases?

After April General Fund revenues painfully fell short of April 2013 revenues, and well short of the official revenue forecast, Pennsylvania’s year-to-date General Fund shortfall now exceeds $400 million and is forecast to...more

5/28/2014 - State Budgets Tax Rates Tax Revenues

PA Tax Law News - February 2014: PA Governor's Budget Proposal Preserves Capital Stock/Franchise Tax Phase-out

Pennsylvania Governor Tom Corbett has proposed a FY2014-15 state budget that includes no new taxes and no mainstream tax increases. This would preserve the phase-out of the Capital Stock and Franchise Taxes on the...more

2/19/2014 - State Budgets Tax Rates

PA Tax Law News -- June 2013

In This Issue: Home Stretch to a PA Budget; PA to Project Vendor Overpayments In Some Audits; Township Business Privilege Tax Rejected; and Pennsylvania Supreme Court Upholds IFTA Liability. Excerpt from Home...more

6/12/2013 - Audits Business Income Business Privilege Tax Business Taxes Franchise Taxes IFTA Overpayment Proposed Legislation Sales & Use Tax State Budgets Tax Returns Vendors

Home Stretch to a PA Budget

As the Pennsylvania General Assembly heads down the home stretch to the June 30th deadline for passage of a budget for 2013-14, all indications suggest that the budget package will include significant substantive and...more

6/6/2013 - Corporate Taxes Franchise Taxes Proposed Legislation Royalties Sales & Use Tax State Budgets Tax Deductions Transfer Taxes

PA Governor Proposes Corporate Tax Cuts & Fuel Tax Increases

Pennsylvania Governor Tom Corbett has proposed significant corporate tax cuts and fuel tax increases as part of his proposed 2013-14 budget, presented on February 5th. The General Fund budget would be increased by 2.4%, to...more

2/28/2013 - Corporate Taxes Fuel Tax Income Taxes Pensions Sales & Use Tax State Budgets State Funding State Taxes

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