Legislative Update Newsletter

In this issue: First week of Pennsylvania budget hearings; A look at Pa.'s new annual report requirement; Hearing scheduled on Pennsylvania wealth tax; and more.

In this issue: PICPA top legislative priorities for 2024; Pennsylvania budget hearings begin; Pa. Rep. Pisciottano's open markets act; and more.

In this issue: Pa. governor proposes $48.3 billion budget; All eyes on special Pennsylvania House election; Pa. CRIZ program improvements bill; and more.

In this issue: PICPA-backed tax appeal reform introduced; Pa. governor unveils 10-year economic development plan; Bill seeks to modernize Pennsylvania unclaimed property process; and more.

In this issue: Pennsylvania budget address set for Feb. 6; Bill to create family and medical leave Pa. tax credit; Pennsylvania debt management policy; and more.

In this issue: Slow start expected in Pa. General Assembly; New Pennsylvania tax bulletin; PICPA member Pisciottano to run for Pa. Senate; and more.

In this issue: Season’s greetings from the PICPA; Pa. grantor trust law effective date clarified; Beneficial ownership information reporting delay; and more.

In this issue: Pennsylvania grantor trust reform signed by governor; Pa. lawmakers wrap up 2023 with a flurry of activity; Pa. fiscal code bill signed into law; and more.

In this issue: PICPA-backed tax appeal reform measure; Pa. Rep. Pisciottano to introduce antitrust statute; Pennsylvania lawmaker proposes tax credits for shopping malls; and more.

First-year budget foot-dragging is not unusual in Pennsylvania. In fact, Gov. Josh Shapiro’s immediate predecessor, Tom Wolf, had a first-year budget fight that dragged on for more than 250 days. Shapiro signed a $45.5 billion General Appropriations Act on Aug. 3, but numerous pieces of budget-related code bills remained tied up in the legislature, and the clock keeps ticking.

In this issue: PICPA-backed charitable purposes bill introduced; Shapiro administration appeals RGGI ruling; FinCEN extends BOI deadline for new companies; and more.

In this issue: Pa. House designates CPA Week in Pennsylvania; Grantor trust reform clears Pa. House committee; PICPA Legislative Update year-end webcast; and more.

In this issue: CPA Week in Pennsylvania; Democrats sweep Pennsylvania judicial seats; Lawmaker proposes overhaul of Pa. tax credit programs; and more.

In this issue: Pennsylvania judicial elections on Nov. 7 ballot; PICPA, AICPA urge delay in BOI implementation; Pa. judges say no to greenhouse gas initiative; and more.

In this issue: PICPA hosts Q&A with Pa. Revenue Department; Gov. Shapiro signs budget-related legislation; Fair share tax plan introduced in Pennsylvania House; and more.

In this issue: Emergency Services Piece of Pennsylvania Budget Passes; CPA-PAC Meets with Pa. Judicial Candidates; Pennsylvania Telefilers Take Note - Action Needed; and more.

In this issue: Unfinished Business Awaits Pennsylvania Lawmakers; PICPA Seeks Congressional Support for STEM Legislation; Revised Pa. Tax Bulletin Clarifies Treatment of Interest Expenses; and more.

In this issue: Omnibus Tax Code Bill Approved by Pa. House; Pennsylvania House Approves Budget Trailer Bills; Bill Passes House to Move Pa. Primary Election; and more.

In this issue: Gov. Shapiro calls for Pa. economic development strategy; PICPA to host Pennsylvania House Speaker McClinton; IRS issues contingency plan for government shutdown; and more.

In this issue: PICPA-Backed Grantor Trust Reform Bill Passes Senate; Well and Mine Depletion Bill Gains Pa. Senate Approval; Pennsylvania Agencies to Use Generative Artificial Intelligence; and more.