Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
Advanced Search
Pennsylvania House of Representatives
10/10/2024 10:36 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=21658
Share:
Home / House Co-Sponsorship Memoranda

House Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


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.

View Attachment


Introduced as HB130