Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 7402. Imposition of tax

(a) A corporation shall be subject to and shall pay an excise tax for exercising, whether in its own name or through any person, association, business trust, corporation, joint venture, limited liability company, limited partnership, partnership or other entity, any of the following privileges:

(1) Doing business in this Commonwealth.

(2) Carrying on activities in this Commonwealth, including solicitation which is not protected activity under the act of September 14, 1959 ( Public Law 86-272 , 15 U.S.C. § 381 et seq. ).

(3) Having capital or property employed or used in this Commonwealth.

(4) Owning property in this Commonwealth.

(b) The annual rate of tax on corporate net income imposed by subsection (a) for taxable years beginning for the calendar year or fiscal year on or after the dates set forth shall be as follows:

Taxable Year

Tax Rate

January 1, 1995, and each taxable year thereafter

9.99%

(c) An entity subject to taxation under Article VII, VIII, IX or XV   1 shall not be subject to the tax imposed by this article.

1 72 P.S. § 7701 et seq.

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