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Pennsylvania House of Representatives
04/23/2024 09:04 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20150&cosponId=19246
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: November 10, 2015 11:25 AM
From: Representative Jason Ortitay
To: All House members
Subject: Corporate Net Income Tax Reduction Legislation
 
In the near future, I plan to introduce legislation amending the Tax Reform Code to reduce Pennsylvania’s Corporate Net Income Tax (CNIT) to a more competitive rate.

As many of you know, Pennsylvania’s CNIT rate of 9.99% is currently one of the highest in the nation. This places our Commonwealth at a disadvantage when it comes to attracting new businesses which in turns effects our economic growth and employment rates. Specifically, my legislation will gradually reduce the CNIT over a five-year period from its current 9.99% rate, to a much more competitive 4.99% rate.

Please join me in sponsoring this important legislation. If you have any questions, please contact Lauren Pacella at 717-787-1281 or at Lpacella@pahousegop.com


Introduced as HB1780