Understanding CNIT Tax in PA: A Guide for Small Business Owners
What is CNIT tax in PA? This tax is levied at the rate of 9.99 percent on federal taxable income, without the federal net operating loss deduction and special deductions, and modified by certain additions and subtractions. Entities exempt from the corporate net income tax include certain qualifying: not-for-profit organizations. Read more on www.revenue.pa.gov You … Read more