HB 1312: Reduce Capital Stock Franchise Tax
H.B. 1312, P.N. 1560 (MUSTIO) This would amend the Tax Reform Code, Act 2 of 1971, P.L. 6.
This would reduce the capital stock franchise tax, which under current law ranges from 7.24 mills in 2002 with annual reductions, including being set at 5.99 mills in 2005, reaching .99 mills in 2010 and then expiring in 2011, to a range from 6.99 mills in 2003 with annual reductions, including being set at 3.99 mills in 2005, reaching .99 mills in 2008 and then expiring in 2009.
posted by Comment on Pennsylvania Legislation @ 5:21 PM
2 comments
2 Comments:
Time for more tax breaks to corporations while social needs linger?
Don't phase out too fast we have no way to replace the lost revenue
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