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Corporation Tax Rates

TaxRate
Corporate Net Income Tax9.99 percent
Capital Stock/Foreign Franchise TaxEliminated for tax years beginning Jan. 1, 2016 and after. See Capital Stock/Foreign Franchise Tax
Gross Receipts Tax - Telephone and Telegraph50 mills (Intrastate, Interstate and Mobile)
Gross Receipts Tax - Electric Suppliers59 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 Tax2 percent plus any retaliatory tax

3 percent surplus lines tax rate is imposed on policies written with unlicensed non-life insurers
Financial Institutions TaxesBank and Trust Company Shares Tax.095 percent
Title Insurance Shares Tax1.25 percent
Mutual Thrift Institutions Tax11.5 percent

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