Pennsylvania HB1960 provides a tax exemption for businesses with $100,000 or less in annual gross receipts in a first-class city.

Pennsylvania HB1960 introduces an exemption to the business income and receipts tax for businesses with $100,000 or less in gross annual receipts in a first-class city. To qualify, businesses must be registered and operating within the city, comply with all tax obligations, and provide documentation to substantiate their revenue figures. The exemption applies to tax years beginning after December 31, 2025, and takes effect immediately upon enactment.

Pennsylvania HB1960 provides a tax exemption for businesses with $100,000 or less in annual gross receipts in a first-class city.

Pennsylvania HB1960 introduces an exemption to the business income and receipts tax for businesses with $100,000 or less in gross annual receipts in a first-class city. To qualify, businesses must be registered and operating within the city, comply with all tax obligations, and provide documentation to substantiate their revenue figures. The exemption applies to tax years beginning after December 31, 2025, and takes effect immediately upon enactment.