Governor Wolf Highlights Budget Priorities
Tax Alex Schreiber Tax Alex Schreiber

Governor Wolf Highlights Budget Priorities

Governor Wolf recently met with groups in Harrisburg to promote his priorities he’d like to see in the final version of Pennsylvania’s next budget currently being worked out in the state legislature.

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PA Legislature Considering Small Business Tax Reform
Tax Alex Schreiber Tax Alex Schreiber

PA Legislature Considering Small Business Tax Reform

Under normal circumstances, pass-through entities do not pay tax themselves. Instead, their income is allocated to their owners and reported on the individual income tax returns of the owners. A pass-through entity tax, if implemented, would be paid by the pass-through entity with a corresponding credit for owners to claim on their respective state individual income tax returns.

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PA Considers Significant Changes to Personal Tax Framework
Tax Alex Schreiber Tax Alex Schreiber

PA Considers Significant Changes to Personal Tax Framework

The Pennsylvania legislature is contemplating significant changes to the Commonwealth’s individual tax structure. House Bill 13, sponsored by Rep. Frank Ryan (R-Lebanon County), calls for the elimination of school property taxes in favor of increased sales and use and personal income tax rates.

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