Of Counsel Michael Semes commented on a proposed regulation by the Pennsylvania Department of Revenue in a Law360 article titled “Pennsylvania Business Income Rule Sparks Worries of Tax Overreach.” Published on June 7, 2024, the article outlines the issues and concerns being raised over the department’s reading of U.S. Supreme Court precedent on the unitary business principle, which allows a state to apportion and tax income from certain interconnected entities.