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Article | State and Local Tax

Pennsylvania DOR Updates Notice of Taxable and Exempt Property

The Pennsylvania Department of Revenue has issued an update to its Notice of Taxable and Exempt Property. The Commonwealth is required to periodically update this list which addresses different categories of property and provides taxability on an item-by-item basis. The Notice is also incorporated into the Retailer’s Information Guide (REV-717) published by the Department.

The updated Notice provides for tax treatment of new items and/or clarification or changes from prior versions. This year’s version includes the addition of guidance on non-fungible tokens (“NFTs”) which are taxable in Pennsylvania. The changes and clarifications in the notice address treatment of CBD that is vaped, flea-related pet supplies, residential fuel, and specified farming supplies.

The state’s current Retailer’s Information Guide can be accessed here.

The current Notice of Taxable and Exempt Property is available here.

If you have questions on the taxability of goods or services in Pennsylvania or other SALT matters, please contact HBK’s SALT Advisory Group at hbksalt@hbkcpa.com.

About the Author(s)

Matt Dodge is a Senior Manager, State and Local Tax, HBK CPAs & Consultants. He has more than 20 years of experience in state and local tax (SALT) with a focus on sales and use tax. He has served clients in various industries, including construction, manufacturing, oil and gas, retail, service providers, and transportation. He can be reached by email at mdodge@hbkcpa.com.

Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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