Harrisburg - pennsylvania lawmakers made two notable changes to the state s constellation of tax credits as part of the four-month-late, $50. 1 billion budget. · it came 135 days late, but pennsylvania finally has a state budget for the 2025-26 fiscal year after lawmakers returned to harrisburg to pass a $50. 1 billion budget that was promptly signed into law by gov. • clarification of the bank shares tax deduction related to goodwill. They created a new credit for low- and moderate-income workers, and revamped a five-year-old affordable housing credit. • an election option concerning the affiliated entity intangible expense add-back. They created a new credit for. · harrisburg — pennsylvania lawmakers made two notable changes to the state ’s constellation of tax credits as part of the four-month-late, $50. 1 billion budget. · key changes in the legislation include: · learn about pennsylvania state taxes , including income tax , sales tax, and investment income tax. · aarps state tax guide on 2023 pennsylvania tax rates for income , retirement and more for retirees and residents over 50. Get the latest tax update from the pennsylvania department of revenue in your inbox. • a gradual increase in the net operating loss (nol) deduction limit. • a state-level deduction for medic. Get tips for managing your taxes and maximizing deductions.

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