|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