Tax Types and Information

Financial Institutions Tax

The various classes of financial institutions are subject to three different taxes. The Bank and Trust Company Shares Tax (BST) and the Title Insurance Companies Shares tax (TICT) are levied on the value of shares as of each January 1st. The Mutual Thrift Institutions Tax (MTIT) is levied on the net earnings or income received or accrued from all sources during the tax year.

Bank and Trust Company Shares Tax

The bank and trust company shares tax is imposed at a rate of .95 percent on every bank and trust company conducting business in Pennsylvania that has capital stock.

Title Insurance Company Shares Tax

Domestic title insurance companies are subject to the title insurance company shares tax at a rate of 1.25 percent.

Mutual Thrift Institutions Tax

The mutual thrifts institutions tax is imposed at the rate of 11.5 percent on savings institutions, savings banks, savings and loan associations, and building and loan associations conducting business in Pennsylvania. Credit unions are not subject to tax.

File via myPATH

An easy, convenient, and secure way to file a business tax return and make payments. Pay your balances with your bank account and routing information or by credit or debit card. Card payments are processed by ACI Payments, Inc. and are subject to convenience fees.