by H2R CPA Team
The recently enacted Pennsylvania House bill, HB 1198, contains the following noteworthy items:
- The 1% sales tax discount for timely filing will be maxed out at $25 per month.
- PA lottery winnings are now taxable for PA. This is effective 1-1-16, so anyone who won earlier this year may need to pay some estimates. Going forward, withholding will occur.
- Downloads are now subject to sales tax effective August 1. Therefore, you might want to download your e-books and your Pokémon software before Monday!
- There is a new amnesty program if you have any delinquent filings and lots of cigarette taxes.
More detail is provided on the PA Department of Revenue website.
At H2R CPA, we are pleased to assist clients with understanding the latest tax code changes. Contact us at 412-391-2920 or team@h2rcpa.com with any questions.
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