Corporation Tax Rates
| Tax | Rate |
|---|
| Corporate Net Income Tax | January 1, 2023 through December 31, 2023
| 8.99 percent
| January 1, 2024 through December 31, 2024
| 8.49 percent
| January 1, 2025 through December 31, 2025
| 7.99 percent
| January 1, 2026 through December 31, 2026
| 7.49 percent
| January 1, 2027 through December 31, 2027
| 6.99 percent
| January 1, 2028 through December 31, 2028
| 6.49 percent
| January 1, 2029 through December 31, 2029
| 5.99 percent
| January 1, 2030 through December 31, 2030
| 5.49 percent
| January 1, 2031 and each taxable year thereafter
| 4.99 percent
|
|
| Capital Stock/Foreign Franchise Tax | Eliminated for tax years beginning Jan. 1, 2016 and after. See
Capital Stock/Foreign Franchise Tax |
| 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 | .095 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.