Pennsylvania tax law changes 2017 | KPMG | US

Pennsylvania: Enacted legislation concerns NOL carryovers, remote sellers, sales tax

New tax law in Pennsylvania

The governor on October 30, 2017, signed into law House Bill 542 that, at least partially, funds the FY 2017-2018 budget.

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House Bill 542 contains numerous tax changes, including measures that affect business taxpayers, such as:

  • An amended net operating loss (NOL) deduction carryover limitation for tax years beginning after 2017 (35% of taxable income) and for tax years beginning after 2018 (40% of taxable income)
  • Measures for collecting and remitting sales and use tax by remote sellers, marketplace facilitators, and referrers
  • A provision that separately stated charges for help-desk or call-center support, related to canned software are not subject to sales and use tax
  • A provision that shortens the period from 90 days to 60 days from the notice of assessment mailing date, to appeal an assessment to the Board of Appeals

 

Read a November 2017 report [PDF 103 KB] prepared by KPMG LLP

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