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Bill

HB 1414

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 Aaron Bernstine and 14 co-sponsors

Pennsylvania bill modifies corporate net income tax imposition rules, potentially affecting state revenue and business tax obligations pending Finance Committee review.

Referred to Finance
0
WeVote Research Nonpartisan
Bill Summary · HB 1414

Legislative bill overview

HB 1414 amends Pennsylvania's Tax Reform Code of 1971 to modify how corporate net income tax is imposed. The specific changes to tax imposition are not detailed in the available legislative summary, though the bill appears to represent a substantive alteration to the state's corporate tax structure or calculation methodology.

Why is this important

Corporate net income tax is a major revenue source for Pennsylvania's state budget, directly affecting business operating costs and state funding for education, infrastructure, and services. Changes to how this tax is imposed can have cascading effects on business competitiveness, state revenues, and overall economic activity across the commonwealth.

Potential points of contention

  • Revenue impact: Whether the amendment increases or decreases corporate tax obligations, affecting state budget projections and potential need for spending cuts or tax increases elsewhere
  • Competitive positioning: How the changes compare to neighboring states' corporate tax rates and whether Pennsylvania becomes more or less attractive for business investment
  • Implementation complexity: Whether modifications to tax imposition create administrative burdens for the Department of Revenue or compliance challenges for businesses

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

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