ARTICLE · 01 MARCH 2014

Pennsylvania Tax Developments - 24 February 2014

Reed Smith

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The Pennsylvania Commonwealth Court, in City of Philadelphia v. Philadelphia Tax Review Board, et al., ruled that taxpayers who filed business tax refund claims as a result of a federal audit are entitled to credits against future taxes, even though the statute of limitations for refund claims had expired.

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Christine M. Hanhausen

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This is a brief update on recent Pennsylvania tax developments. It is intended to provide an overview of issues and cases to watch, as well as administrative and legislative developments.

Commonwealth Court Rules on Philadelphia Statute of Limitation for Refunds/Credits Resulting from Federal Audit Adjustments

The Pennsylvania Commonwealth Court, in City of Philadelphia v. Philadelphia Tax Review Board, et al.,¹ ruled that taxpayers who filed business tax refund claims as a result of a federal audit are entitled to credits against future taxes, even though the statute of limitations for refund claims had expired. Any company that paid Philadelphia Business Privilege Tax ("BPT") and received favorable federal audit adjustments after the deadline to file a refund claim should reconsider its options in light of this decision.

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