Tax Types and Information

​Partnerships/ S Corporations/ Limited Liability Companies

Businesses that elect federal subchapter S status are considered Pennsylvania S corporations, unless they opt to be taxed as a C corporation in Pennsylvania by filing the REV-976, Election Not to be Taxed as a Pennsylvania S Corporation [PDF]. Pennsylvania S corporations are subject to the corporate net income tax only to the extent of built-in-gains.

Shareholders of Pennsylvania S Corporations, partners of a partnership and members of an LLC taxed as a partnership or S corporation include their shares of income, loss and credit on their personal income tax returns and are taxed at the personal income tax rate, 3.07%.