PA HB1414

Accelerates Pennsylvania's corporate net income tax rate reduction schedule, lowering the rate to 6.99% in 2026 (from 7.49% under current law), 5.99% in 2027 (from 6.99%), and 4.99% in 2028 and thereafter (from 6.49%)

Eliminates the gradual phase-down originally scheduled to continue through 2031, reaching the final 4.99% rate three years earlier than current law

Amends Section 402(b) of the Tax Reform Code of 1971 governing corporate net income tax imposition

Takes effect immediately upon enactment