Auditor says Pa. owed $35.4M in corporate taxes - abc27 WHTM

Auditor says Pa. owed $35.4M in corporate taxes

Posted: Updated:

A review of corporate tax returns has revealed errors amounting to $35.4 million owed to Pennsylvania, Auditor General Eugene DePasquale said Monday.

DePasquale said his office reviewed more than 20,000 corporate returns between February 1, 2012 and January 31, 2013 and found more than 1,250 returns with errors. He said corporations underpaid $40.8 million and overpaid $5.5 million.

"In a $28 billion budget, $35.4 million may not seem like a lot, but it is enough to restore some of the devastating budget cuts made in the past two years," DePasquale said during a news conference at the Capitol.

DePasquale said he sent a letter urging Revenue Secretary Daniel Meuser to aggressively collect all taxes that were underpaid, return the overpayments, and send the difference to the state treasury so it can be factored into the on-going budget debate.

Powered by WorldNow