Give Thanks and File Your Pennsylvania Net Loss Carryover Deduction Refund Claims!

By | Sutherland SALT Shaker | November 24, 2015

In a decision sure to give Pennsylvania legislators and the Department of Revenue indigestion before their big Thanksgiving meals, the Commonwealth Court held that Pennsylvania’s net loss carryover deduction cap violated Pennsylvania’s Uniformity Clause because it resulted in disparate treatment of similarly situated taxpayers based on the size of the business.