Delaware County Chamber of Commerce
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  • About Us
    • Our Team
    • Board of Directors
    • Committees >
      • Business Economic & Equity Committee
      • Business Owners Group
      • Government Affairs - Advocacy in Action
      • Veterans & Business
      • YP Committee
    • Facility Rentals
  • Events & News
    • Biz Buzz Blog
    • Chamber Calendar
    • Community Calendar
    • Webinar Archive
    • Nominate
    • Community News
    • Sponsor
    • Host
  • Membership
    • Business Directory
    • JOIN NOW!
    • Why Join?
    • Member Discounts
    • Member to Member Coupons
    • Advertising
    • Send Out a Bid
    • Member Login
    • Testimonials
  • Workforce Development
  • Chamber Foundation
    • History
    • Foundation Board of Directors
    • Get Involved
    • Programs >
      • Leadership Delaware County
      • Magnifying Manufacturing
      • Youth Leadership Academy
  • Local Information
    • COVID-19
    • Advocacy in Action
    • Business Resources
    • County Government
    • Visit Delco, PA
    • Elected Officials
    • Job Bank
    • Shop Delco, PA!

Biz Buzz
CHAMBER BLOG

Reducing the Corporate Net Income Tax

5/9/2022

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Pennsylvania’s tax structure contains some of the highest rates and most restrictive provisions in the country and our corporate tax laws are uncompetitive when compared to the rest of the nation.  Across-the-board reforms and reductions in business taxes are necessary to stimulate economic development and create jobs.  Due to this, the Delaware County Chamber of Commerce applauds the efforts of the Pennsylvania General Assembly and Governor Tom Wolf’s efforts to reduce the Corporate Net Income Tax (CNIT).  The current rate of 9.99% is the country's second-highest rate and discourages job creators to locate to the Commonwealth.  Please utilize this link to contact your local legislator to continue their work in reducing the CNIT as the General Assembly begins negotiations on the annual budget. 
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1001 Baltimore Pike  |  Suite 9 LL  |  Springfield, PA 19064
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