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of the Commonwealth of Pennsylvania

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    Tax Rates

    Corporation Tax Rates

    TaxRate
    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 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.