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Pennsylvania enacts budget legislation expanding sales tax base, establishing tax amnesty program

On July 13, 2016, Pennsylvania Gov. Tom Wolf signed into law Act 84, the revenue raising element of Pennsylvania’s $31.5 billion fiscal year 2016-2017 budget, enacting several notable tax changes. The tax reforms under Act 84 are expected to generate $752 million in new Pennsylvania tax revenue. The measure was passed without any of the broad-based tax increases initially sought by Gov. Wolf, but contains several significant provisions of interest to Pennsylvania taxpayers, including an expansion of the sales and use tax base to include digital products, statutory guidance on filing amended corporate tax reports, significant changes to the bank shares tax, and the establishment of a 60-day tax amnesty program.

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