Jennifer Karpchuk quoted in Law360 Article
In an article published in Law360 on November 3, Philadelphia-based Shareholder Jennifer Karpchuk provides insight on Pennsylvania Gov. Tom Wolf’s push to lower the state’s corporate net income tax rate and its impact on attracting more business to the state.
Karpchuk told the publication that the current rate — one of the highest in the country — makes the commonwealth unattractive to businesses locating in the region. She noted that once the rate is fully reduced to 4.99% in 2031, Pennsylvania's corporate income tax rate will be one of the lowest in the country, and “should help to attract businesses to Pennsylvania and help the economy and job market grow.”
Karpchuk added that Gov. Wolf’s changes to taxing marketplace facilitators are noticeable and essential to state taxation.
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