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Pennsylvania Tax Summary

Corporate Income Tax
Rate............................................................................................................... 0.09999
Notes..............................................................................Double weighted sales factor

Capital Stock and FranchiseTax
In 2000, the minimum required payment of $200 for small businesses was eliminated, reducing the rate from 
10.99 mils to 8.99 mils with a nine-year phase-out of the tax.

Rate............................................................................................................... 6.99 mills
Basis.................................................... Formula to approximate apportioned net worth
Notes............................... Manufacturing Property excluded from apportionment factor

Sales Tax
State Rate............................................................................................................... 0.06
Local Rate.......................................... 0.01 – Allegheny and Philadelphia Counties only
Manufacturing Exemption?..................................................................................... Yes

Property Tax
Real Property................................ Assessment ratios and tax rates vary by municipality
The aggregate rate ranges from approximately 2% to 5%.
Personal Property............................................................................................... None
Intangible Property.............................................................................................. None

Personal Income
Rate................................................................................................................... 0.028

 
Unemployment Compensation
Standard Rate.................................................................................................... 0.054
Maximum Rate................................................................................................... 0.092
New Rate........................................................................................................... 0.035
Wage Limit....................................................................................................... $8,000

*The valuation of local property tax involves many factors including when the last assessment was performed, what the county’s assessment ratio is and what the combined millage of the taxing bodies is.  Due to this complexity, it is best to have professionals with real estate tax experience perform your valuation.

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