Advocacy Overview & Legislative Priorities

  • Week Ending April 9, 2021

    In this issue: PICPA-Supported Bill to Change Tax Due Dates Approved in Pa. House; U.S. Rep. Smucker Leads Fight for Federal Tax Filing and Payment Extensions; PICPA State Tax Committee Reviewing Tax Proposals; and more.

Issue Briefs on PICPA Priorities

 Combined Reporting

 Fiscal Responsibility Task Force Reports 

Loans Forgiven under the PPP Now Exempt from State Income Tax


Peter Calcara, PICPA's vice president of government relations, discusses Act 1 of 2021, a PICPA-supported measure that allows loans forgiven under the federal PPP to be exempt from state income tax (PA PIT).

New Resources for CPAs


Legislative Accomplishments

2021-2022 Session

Act 1 of 2021 Amends the Fiscal Code, in emergency COVID-19 response, establishing a recovery program, for emergency education relief, repealing provisions, establishing a grant program, for fund transfers and making appropriations. Includes a provision exempting income received from the federal Paycheck Protection Program from taxation under the state's Personal Income Tax (PIT).
Signed
into law on Feb. 5, 2021.

 

2019-2020 Session

Act 90 of 2019 amends the Tax Reform Code, in PIT, to establish a 10-year period for the Department of Revenue (DOR) to collect all assessed state taxes. It provides an exception for the inheritance tax and an exclusion from the sales and use tax for canned computer software used by a financial institution engaged in banking. It authorizes the DOR to enter into agreements with financial institutions and for institutions to share with the DOR bank account data for purposes of delinquent tax collections. The section relating to the time period for collection of assessed taxes took effect on Jan. 1, 2021.
Signed into law on Nov. 27, 2019.

Act 13 of 2019 stipulates that if the executor of an estate and the trustee of a trust make an election under Section 645 of the Internal Revenue Code to treat the income of the trust as part of the estate, the fiduciary may make and file a joint tax return for the estate and trust. If a joint return is filed, the tax liabilities of the estate and trust shall be joint and several. This provision applies to taxable years beginning after Dec. 31, 2019.
Signed into law on June 28, 2019.

CPA Now Archive

  • Alexandra Fabian

    New Report Provides Insights on Occupational Licensing

    The deregulation of certain licensing requirements has been a concern for the CPA profession. While the main focus of these efforts has not been on licensees such as CPAs, engineers, doctors, and lawyers, there is always a risk of collateral damage with the legislative process.
    Full story
  • Peter Calcara

    CPAs Offer Financial Policy Options to Pennsylvania Lawmakers

    CPAs have extensive experience helping clients meet their fiscal challenges head-on and directing them toward success. Pennsylvania, too, faces fiscal challenge, and the PICPA's Fiscal Responsibility Task Force has developed a report to assist those in governance find a sound financial footing for the state's financial health.
    Full story

Comment Letters

Review recent comment letters submitted to regulatory bodies by PICPA committees: 

Testimony on Your Behalf

  • Pa. House Finance Tax Modernization Subcommittee Hearing on An Analysis of the Condition of Pennsylvania's Financial Security - March 9, 2021. Presented by Suzanne Leighton, CPA, Fiscal Responsibility Task Force (FRTF) Chair, along with Cindy Bergvall, CPA, and Cheri Freeh, CPA, FRTF subcommittee chairs. View More
  • Pa. House Majority Policy Committee Public Hearing to discuss Gov. Wolf’s 2021-2022 Tax Proposal - Feb. 24, 2021Presented by Jason Skrinak, CPA, member of the PICPA State Taxation Committee and Fiscal Responsibility Task Force. Read More




Get Involved

Take Action

Have an idea to promote business growth or improve government efficiency? Write, call, or visit your legislators! Find out how.

Learn More

Contact Government Relations

governmentrelations@picpa.org
Peter Calcara | (717) 232-1821
Alexandra Fabian | (717) 232-1821
Annette Knapp | (717) 232-1821

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