PICPA's Legislative Accomplishments

2021-2022

Act 110 of 2022 enacted much-needed changes to Pennsylvania's CPA Law. These changes include the following:

  • Directs the Pennsylvania State Board of Accountancy to adopt a nationally recognized code of professional conduct.
  • Revises numerous peer review standards.
  • Expands the scope of classes eligible for an accounting degree to include economics and technology.
  • Permits an applicant for licensure to sit for the CPA Exam upon completing 120 semester credits without a degree being conferred.

Learn more about the major legislative changes to Pennsylvania's CPA Law. Signed into law on Nov. 3, 2022.

Act 10 of 2021 changed the corporate tax due date to the 15th day of the month following the federal tax due date and addressed the inconsistency with the local tax filing due date in 2021 by making a permanent change so that the local tax due date updates automatically when the federal and state due dates are moved. Signed into law on April 22, 2021.

Act 1 of 2021 exempted Paycheck Protection Program loans that were forgiven from the state personal income tax. Signed into law on Feb. 5, 2021.

2019-2020

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.

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 May 4, 2018
  • 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 and criminal proceedings for defs., for suspensions and civil penalties. - Signed into law May 4, 2018
  • Act 5 - Amends pension provisions allowing new employees and lawmakers to choose between three retirement options - Signed into law on June 12, 2017
  • Act 71 -  Amends the SFCP Act to align audit requirements for financial reports with federal law - Signed into law on Dec. 22, 2017
  • Act 72- 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 Dec. 22, 2017

2015 - 2016

  • Act 14 - Amends the Second Class Township Code in auditors and accountants
  • Act 84 - Amends the Tax Reform Code providing for amended reports for corporate net income tax
  • Act 150 -  An Act amending the The Local Tax Enabling Act, in consolidated collection of local income taxes
  • Act 157 - Amends the Pennsylvania CPA Law to adopt a new comprehensive definition of attest services
  • Act 170 - An Act amending Titles 15 (Corporations and Unincorporated Associations) and 54 (Names) of the Pennsylvania Consolidated Statutes

2013 - 2014

  • SB 4 - Constitutional amendment for institutions of purely public charity/Pamphlet Laws Resolution No. 2
  • Act 15 - Removed the attest work experience requirement for CPA license
  • Act 42 - Clarifies the assessment of a Business Privilege Tax 
  • Act 52 - Reforms to the Board of Finance and Revenue 
  • Act 71 - Repeal of the Corporate Loans Tax 
  • Act 87 - Extends PA Whistleblower Law protections to private-sector employees
  • Act 141 - Conforms filing date for charitable organizations with federal law
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