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Bill

HB 760

An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for imposition of tax.

2025-2026 Regular Session Introduced by Mike Armanini and 20 co-sponsors

HB 760 modifies Pennsylvania's corporate net income tax structure, but specific changes require bill text review to assess impacts on business taxes and state revenue.

Referred to Finance
0
WeVote Research Nonpartisan
Bill Summary · HB 760

Legislative bill overview

HB 760 amends Pennsylvania's Tax Reform Code of 1971 to modify how corporate net income tax is imposed on businesses operating in the state. The specific changes to the tax imposition mechanism are not detailed in the bill summary provided, making the precise scope of amendments unclear from available information.

Why is this important

Corporate net income tax modifications directly affect business operating costs and state revenue. Pennsylvania's corporate tax rate and structure influence business location decisions, job creation incentives, and the state's overall competitiveness for attracting or retaining companies. Changes to tax imposition can have cascading effects on both business profitability and state budget capacity.

Potential points of contention

  • Revenue implications: Depending on whether amendments increase or decrease tax burdens, this could reduce state revenue needed for services or provide business tax relief with uncertain fiscal impact
  • Competitive positioning: Businesses may advocate for lower rates to compete with neighboring states, while state officials may resist cuts that affect funding for education, infrastructure, and public services
  • Retroactivity concerns: Tax code amendments sometimes apply retroactively, which can create disputes over past liabilities or windfalls for certain business classes

Compiled from official sources — confirm details with the bill’s official record.

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