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Pennsylvania has a corporate net income tax, but no franchise or privilege tax generally applicable to businesses. (The state eliminated its longstanding capital stock and foreign franchise taxes as of 2016.)

Limited Liability Companies. All corporations and limited liability companies doing business in Pennsylvania are required to pay capital stock/foreign franchise tax. ... Partners in a partnership and members of an LLC taxed as a partnership or S Corporation are taxed at the personal income tax rate, 3.07 percent.

Kentucky does not impose a corporate franchise tax, but it does impose a limited liability entity tax pursuant to KRS 141.0401 on every non-exempt corporation and limited liability pass-through entity doing business in Kentucky on all Kentucky gross receipts or Kentucky gross profits.

The minimum tax due for Capital Stock/Foreign Franchise has been eliminated in tax year 2000.

Income Tax. There are some key differences between a franchise and income tax. Unlike state income taxes, franchise taxes are not based on a corporation's profit. A business entity must file and pay the franchise tax regardless of whether it makes a profit in any given year.

The PA Corporate Tax Report (RCT-101) is due annually on April 15 of the year following the year for which the report is submitted for a calendar year reporting corporation, or 30 days after the federal due date for corporations reporting to the federal government on a fiscal year basis.

Wisconsin has both a franchise tax and an income tax. However, only one tax is imposed against a corporation in a taxable year for the privilege of exercising its Wisconsin franchise or for doing business in Wisconsin. Franchise tax applies to: All domestic corporations (those organized under Wisconsin law) and.

Corporations doing business in Wisconsin are subject to either the corporate income tax or the corporate franchise tax. The corporate income tax is a tax on the net income of corporations doing business in the state.

Extended Deadline with Pennsylvania Tax Extension: Pennsylvania offers a 60-day extension for corporations that don't have a valid Federal tax extension. If a corporation has a 6-month Federal extension and owes zero state tax, a Pennsylvania extension will automatically be granted for the same period of time.

Yes, the Massachusetts Corporation Excise Tax, which is the general tax on corporations, consists of a net income and a franchise tax component. If your state imposes a corporate franchise tax, please stipulate: (a) The applicable tax base.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
PA DoR RCT-101
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