Money earned from stock options, which a company doled out as a reward and incentive, should have been taxed as earned income under the Local Tax Enabling Act, a unanimous Pennsylvania Supreme Court has ruled in a case of first impression.

The decision reversed both the Commonwealth Court and Allegheny County Court of Common Pleas decisions that the “spread” from Louis Marchlen’s stock options was to be considered investment income for taxing purposes.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]