PA Tax Tips: PA Offers Many Production-Based Exemptions

more+
less-

Production-based tax exemptions have saved Pennsylvania businesses billions of dollars. These exemptions are known by various names, including "manufacturing," "processing," "printing," "mining,"

"R&D," "agriculture" and "industrial establishment." The taxes to which these exemptions apply are the Sales & Use Tax, the Capital Stock and Franchise Taxes, local Business Privilege Taxes and local Real Estate Taxes. The same term may have a different meaning for different taxes. The taxes have very different rules for exemption. To assist you in ascertaining whether your company is taking full advantage of these exemptions, this article will provide a broad overview of the available exemptions and future articles in this newsletter will discuss various aspects of the exemptions in more detail.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, General Business Updates, Franchise Updates, Commercial Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© McNees Wallace & Nurick LLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »