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Article by Jennifer Karpchuk on "Top 3 State Tax Implications of Gov. Wolf’s Proposed Budget"
Legal Intelligencer
Jennifer Karpchuk explains key tax components of Gov. Tom Wolf’s proposed budget for 2020-21. Jennifer provides an overview of Wolf’s plans to lower the corporate net income tax, institute combined reporting, and establish a tax on Marcellus Shale natural gas production. She also notes that these changes are not new and in the past have been met with criticism, lobbying, and defeat.
“While the governor’s efforts are laudable, if history is any indication, he will have a difficult time getting his proposed state tax changes adopted by the legislature,” Jennifer said.
Click here to read the article.