Are PPL Stock Dividends exempt for PA tax?

jjfritz5528 · ‎June 6, 2019

PPL is a PA Registered Company, and I also reside in PA.

Vanessa · ‎June 6, 2019

No, Public utility companies are not listed under the tax-exempt dividends.

"..tax-exempt dividends.... are direct obligations of the Commonwealth of Pennsylvania, direct obligations of political subdivisions of Pennsylvania and/or direct obligations of the U.S. Government (U.S. Treasury Bonds, Notes, Bills, Certificates and Savings Bonds) included in any tax-exempt fund or money market fund dividends".http://www.revenue.pa.gov/FormsandPublications/FormsforIndividuals/PIT/Documents/2017/2017_pa-40b.pd...

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Vanessa · ‎June 6, 2019

No, Public utility companies are not listed under the tax-exempt dividends.

"..tax-exempt dividends.... are direct obligations of the Commonwealth of Pennsylvania, direct obligations of political subdivisions of Pennsylvania and/or direct obligations of the U.S. Government (U.S. Treasury Bonds, Notes, Bills, Certificates and Savings Bonds) included in any tax-exempt fund or money market fund dividends".http://www.revenue.pa.gov/FormsandPublications/FormsforIndividuals/PIT/Documents/2017/2017_pa-40b.pd...

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Are PPL Stock Dividends exempt for PA tax?