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1 minute read

Revised PA bill adds new economic nexus tax guidelines

Jess White
by Jess White
August 5, 2022
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The Keystone State has officially updated its tax law with provisions on economic nexus that you’ll need to know if you do business in Pennsylvania.

Effective for tax years beginning after Dec. 31, 2022, any business with $500,000 or more in sales that can be sourced to Pennsylvania has created nexus for tax purposes.

The update, implemented by revisions to HB 1342, also provides a more comprehensive definition of what it takes to establish nexus in the state. Any entity that conducts “business activity” in the state will be subject to tax guidelines.

Per the bill, “business activity” will include:

  • the leasing or licensing of intangible property used in the state
  • engaging in transactions involving intangible property with customers located in Pennsylvania (including loan transactions), and
  • sales of intangible property used by a corporation within the state.
Jess White
Jess White
Jess White covers business and finance topics such as payroll, cash flow, fraud, accounts payable, and sales and use tax. Jess also edits business software articles for BetterBuys.com. Throughout her career, Jess has worked for several different print and online publications, and she brings over 16 years of experience to the ResourcefulFinancePro team.

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