State and Local Tax Alert - May 2014

May 2014

On May 6, 2014, Pennsylvania Governor Tom Corbett signed into law H.B. 1513, Regular Session 2013-2014 (“H.B. 1513”), which limits the authority of Pennsylvania localities to impose privilege taxes and reduces the potential for double taxation of receipts. The provisions of H.B. 1513 are effective for taxable years beginning on or after January 1, 2014.