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Lev
Lev, Tax Advisor
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What is the tax rate in Pennsylvania of state zero

Customer Question

What is the tax rate in Pennsylvania for out of state zero coupon municipal bonds?
Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.
Hi and welcome back!
Current tax rate for personal income tax 3.07 percent.
For local tax rates - use following page
http://munstatspa.dced.state.pa.us/MunicipalTaxInfo.aspx
Income from a municipal bond fund that is invested solely in Pennsylvania municipal bonds is not taxable.
Income from a municipal bond fund that is invested in Pennsylvania and municipal bonds from other states is taxable for the portion that comes from other states. (The fund will provide the amount or percentage that is not taxable).
Income from municipal bond funds invested municipal bonds from other states is taxable.
References
https://revenue-pa.custhelp.com/app/answers/detail/a_id/2142/~/is-income-from-a-municipal-bond-fund-taxable%3F
http://www.revenue.pa.gov/GeneralTaxInformation/Current%20Tax%20Rates/Pages/default.aspx#.VUtmlE10yUk
If you still have any doubts, need clarification - please be sure to ask.
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