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Corporation Tax Rates

Tax Rate
Corporate Net Income Tax 9.99 percent
Capital Stock/Foreign Franchise Tax 0.67 mills
Gross Receipts Tax - Telephone and Telegraph 50 mills (Intrastate, Interstate and Mobile)
Gross Receipts Tax - Electric Suppliers 59 mills
Gross Receipts Tax - Transportation (Other Than Motor Vehicles) 50 mills (Slack Water Navigation and Other)
Public Utility Realty Tax (PURTA) Rate set annually to raise required Realty Tax Equivalent (RTE) revenue
Gross Premiums Tax 2 percent plus any retaliatory tax

3 percent surplus lines tax rate is imposed on policies written with unlicensed non-life insurers
Financial Institutions Taxes Bank and Trust Company Shares Tax .089 percent
Title Insurance Shares Tax 1.25 percent
Mutual Thrift Institutions Tax 11.5 percent

For detailed and historic Pennsylvania corporate tax information, please review the Tax Compendium.