SALT Blog – State and Local Tax Blog
The State and Local Tax ("SALT") blog provides news updates and commentary about state and local tax issues.
You can expect to find relevant information about topics such as income (corporate and personal) tax, franchise tax, sales and use tax, property (real and personal) tax, fuel tax, capital stock tax, bank tax, gross receipts tax and withholding tax.
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During April, both the Commonwealth of Pennsylvania and the City of Philadelphia implemented separate tax amnesty programs with the hope of generating revenue for the cash-strapped state and local coffers. Both programs were slated to run for 54 days, with Pennsylvania’s from April 26, 2010 through June 18, 2010, and Philadelphia’s from May 3, 2010 through June 25, 2010. The Pennsylvania amnesty program was modeled after the highly successful New Jersey 2009 amnesty program, which generated $725 million within six weeks. At the close of the Pennsylvania and Philadelphia 54 ...
In general, Pennsylvania does not follow the Internal Revenue Code for Pennsylvania Personal Income Tax (“PIT”) purposes. During the late 1990s, the Pennsylvania Department of Revenue (“Department”) reversed its long standing position and diverged from federal income tax rules, becoming the only state to determine that elective nonqualified deferred compensation was taxable during the year it was earned, not when it was actually received. During 2005, the Pennsylvania legislature amended the PIT statute, thereby reversing the Department’s position. In ...