Could the proposed Pa. tech tax threaten Philly’s status as a ‘lean startup’s paradise’?
May 18, 2017
Types : Bylined Articles
If you are running a tech company in Philadelphia and happen to be thinking about taxes, you may want to take your mind off of city wage and soda tax and focus on the potential revitalization of Pennsylvania’s “tech tax.”
In an attempt to help close a $3 billion deficit, Pa. Gov. Tom Wolf’s proposed 2017-2018 budget includes reinstating the state’s 1991 tech tax, which was initially introduced by Gov. Robert P. Casey. Facing a large budget gap, Casey extended the state’s sales and use tax to additional professional services, including a variety of computer services. After intensive lobbying from members of Pennsylvania’s technology industry, however, the tax was repealed in 1997.
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