SB161 — 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 definitions, for imposition of tax, for reports and payment of tax and for consolidated reports; and, in general provisions, further providing for underpayment of estimated tax.

SB161 — 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 definitions, for imposition of tax, for reports and payment of tax and for consolidated reports; and, in general provisions, further providing for underpayment of estimated tax. · Informed CitizenryThis bill amends the Tax Reform Code of 1971 to modify the corporate net income tax. It establishes a graduated tax rate schedule, reducing the rate from 9.99% in 2023 to 8.99% in 2024, 7.99% in 20…Open in Informed Citizenry