For tax years beginning on or before Dec. 31, 2013, all corporations doing business and having fiscal officers in Pennsylvania are subject to corporate loans tax, imposed at the rate of 4 mills on each dollar of the nominal value of all scrip, bonds, certificates and evidences of indebtedness. Taxable indebtedness is determined by dividing the interest rate into the interest actually paid to or for Pennsylvania individual residents.
A treasurer’s commission credit may be applied against the total tax due.
This tax is reported on PA Corporate Tax Report, RCT-101 or the Shares and Loans Tax Report, RCT-132
For detailed and historic Pennsylvania loans tax information, please review the Tax Compendium.