Regulation #15-462: Business Income and Nonbusiness Income

Clarifies the definitions of "business income" and "nonbusiness income" and clarifies the rules for Pennsylvania Corporate Net Income Tax taxpayers.

Regulation Details
IRRC Number 3402 Proposed Regulation Received May 15, 2024
Agency Name Department of Revenue PA Bulletin Publish Date May 25, 2024
Regulation Status Proposed Close of Public Comment June 24, 2024
PA Code 61 Pa. Code Chapter 153.24 Final Due By June 24, 2026
Analysts Assigned Fiona E. Cormack  (FEC)
Shawn  Good  (SAG)
Scott R. Schalles  (SRS)
 IRRC Comments Due July 24, 2024
Final-Form Regulation Received N/A
Public Meeting Date N/A
Published as Final N/A
Actions Taken
No IRRC Actions taken at this time

  • Proposed Regulation
  • Final Regulation
  • Related Documents
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Public Comments on Proposed Regulation

June 25, 2024

June 24, 2024

June 21, 2024

Legislative Comments (on the Proposed and Final Regulation)

July 9, 2024

June 24, 2024

IRRC Comments on Proposed Regulation

July 24, 2024

Final regulation has not yet been submitted.
Public Comments on Final Regulation

There are currently no public comments on the final regulation.

 

Legislative Comments (on the Proposed and Final Regulation)
House Minority Chairman Keith Greiner July 9, 2024
Sen. Scott Hutchinson June 24, 2024

IRRC Order(s)

There are currently no IRRC orders.

 

In addition to comments, IRRC occasionally receives other correspondence and written materials from state agencies and the legislature regarding pending regulations. These documents can be found on this portion of our website.

PICPA Pre-Submission Comments May 22, 2024