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Pennsylvania Governor Releases Fiscal 2022 Budget Proposal

Dated Feb. 4, 2021

Citations: Executive Budget 2021-2022

SUMMARY BY TAX ANALYSTS

Pennsylvania Gov. Tom Wolf (D) has released his budget proposal for fiscal 2022, which calls for lowering the corporate net income tax; closing the Delaware loophole; reforming the education investment tax credit program; implementing Back to Work PA, a workforce and economic development investment program that would provide significant support to businesses and individuals most affected by COVID-19; increasing the state minimum wage to $15 per hour; and legalizing adult-use cannabis.

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