This is a brief update on recent Pennsylvania tax developments.
For more information on any of these developments, contact one of
the authors or the Reed Smith State Tax attorney with whom you
usually work.
Does New Governor Mean More Tax Reform? In the
recent gubernatorial election, challenger Tom Wolf (D) defeated
incumbent Governor Tom Corbett (R). If campaign promises are any
indication, the governor-elect will likely push for more major tax
reform in Pennsylvania, such as: a severance tax; combined
reporting; further addressing the "Delaware loophole";
and a progressive personal income tax.1 That said,
Pennsylvania still has a Republican-controlled legislature that may
not share the same views on tax reform as the governor-elect.
