PICPA committee to vote on Pass-Through Entity Tax -House Bill 1709
The Pennsylvania House Finance Committee has scheduled a vote for June 7 on House Bill 1709 that allows an elective pass-through entity tax (PTE tax). The bill outlines an elective PTE tax that would provide a federal tax benefit which clarifies the statutory language under which the Department of Revenue (DOR) that currently penalizes Pennsylvania resident partners who elect to pay PTE [...]