A monumental tax reform package that was passed with the 2022-23 state budget is a game-changer for Pennsylvania’s economic future. It cuts the state’s CNI in half over 9 years, from 9.99 with incremental reductions until it reaches 4.99 percent by 2031 – giving a much-needed boost to our business competitiveness. Other provisions, including like-kind exchanges and Section 179 deductions, help small businesses invest more in their companies, employees and hiring.