For PA state taxes - US government obligations does PA require residents to pay intangible or personal property tax?

[psjkphilly]

I saw that PA allows to exclude income earned from mutual funds that invest in US gov obligations, but couldn't confirm my first question.

[ErnieS0]

Pennsylvania does not tax income from intangible property at the state-level unless it is "Income from intangible property employed in a trade, profession, occupation or business carried on in the Commonwealth."

See: PA Source Income Rules

Pennsylvania does not levy real and personal property taxes at the state level.

See: Pennsylvania State Taxes

The City of Philadelphia does have a School Tax on dividends. However, dividends exempt on the PA state return are exempt from the School Tax: "For example, a fund investing totally in U.S. bonds or Pennsylvania municipal bonds in a given year would generate dividends fully exempt from this tax for that year."

See School Income Tax Regulations

[psjkphilly]

Thanks Ernie, this is very helpful, and I will save for future reference!

Have a nice evening!

Thanks again.