The PA Chamber of Commerce was joined by local lawmakers and business leaders at the Lehigh Valley Economic Development Corp. headquarters in Bethlehem Thursday to highlight the benefits of business tax reform in the 2022-2023 budget. 

Reducing the Corporate Net Income Tax in Pennsylvania will improve the business climate when the new legislation is signed by Gov. Tom Wolf, according to the Pennsylvania Chamber of Business and Industry. 

Chambers from across the commonwealth joined together today to call for a material reduction in Pennsylvania’s Corporate Net Income Tax. 

The Pennsylvania State Senate Finance Committee approved legislation (SB 771) to reduce the state's Corporate Net Income Tax (CNIT) rate, the highest non-graduated rate in the country.