PICPA Advocacy Overview

1 Accomplishments

2017-2018

• Act 72 of 2018 - Decouples the state’s corporate net income tax law from the bonus depreciation provided in last year’s federal Tax Cuts and Jobs Act. Official bill text can be found here. Signed into law June 28, 2018.
• Act 18 of 2018 - PICPA provides a summary of the changes, which amend the Local Tax Enabling Act to provide consistency to the local EIT crediting provisions to protect taxpayers from double taxation. Official bill text can be found here - Signed into law 5/4/18
• Act 6 of 2018- Amends Act empowering the General Counsel or his designee to issue subpoenas for certain licensing board activities providing for reporting of sanctions & criminal proceedings, for defs., for suspensions & civil penalties - Signed into law 2/15/18
• Act 5 of 2017- Amends pension provisions allowing new employees and lawmakers to choose between three retirement options - Signed into law on 6/12/17
• Act 71 of 2017-  Amends the SFCP Act to align audit requirements for financial reports with federal law - Signed into law on 12/22/17
• Act 72 of 2017 - Makes technical changes to the SFCP Act that will assist organizations filing a registration statement with the Department of State’s BCCO - Signed into law on 12/22/17

PICPA Comment Letters

Review comment letters submitted to regulatory bodies by PICPA committees.

Most Recent:

• Comment letter to U.S. Sens. Rob Portman and Benjamin Cardin regarding the Protecting Taxpayers Act - Dated Aug. 27, 2018
• PICPA Federal Tax Committee comments Re: IRS Immediate and Interpretive TCJA Guidance Request 2018 – 2019
• PICPA Federal Tax Committee Comments on the Taxpayer First Act Discussion Draft
• GASB Committee Response RE: Revenue and Expense Recognition, Project No. 4-6I 

W Testimony on Your Behalf

Pa. House Finance Subcommittee on Tax Modernization & Reform Testimony on PIT >

Pa. House Finance Subcommittee on Tax Modernization & Reform Testimony on Corporate Net Income Tax >

Take Action

When a hot-button issues arises, PICPA members are encouraged to write, call, or visit their legislators. These interactions hold legislators accountable and reinforce trust in CPAs. 

Learn More

B Committees

• CPA-PAC
• Federal Taxation
• Fiscal Responsibility Task Force
• Legislation
• Local Government Accounting and Auditing
• State Taxation

Advocacy Events

• LU Webinar: 2018-2019 State Budget Finalized - July 11, 2018

• Day on the Hill - June 12, 2018 

• LU Webinar: Spring/Summer Update - May 24, 2018 

• LU Webinar: Budget Update - Feb. 16, 2018

• LU Webinar: 2017 Year-in Review - Dec. 21, 2017