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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted:	December 29, 2016 02:07 PM
From:	Representative Jason Ortitay
To:	All House members
Subject:	Corporate Net Income Tax Reducation Legislation - former HB 1780

In the near future, I plan to reintroduce 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 the second highest in the nation. This places our Commonwealth at a disadvantage when it comes to attracting new businesses, which in turns adversely 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.

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