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Pennsylvania House of Representatives
04/18/2024 06:58 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=21658
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House Co-Sponsorship Memoranda

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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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Introduced as HB130