Governor Corbett has just signed the Fair Share Act into law. The Fair Share Act, a top legislative priority of the Pennsylvania Institute of Certified Public Accountants (PICPA) for many years, takes the state in a pro-business direction. The Act repeals the legal doctrine of joint and several liability, under which a defendant found 1% at fault can be held responsible for the entire court verdict and financial damages award. Prior to today's signing, Pennsylvania was one of only nine states without some type of tort reform, often been seen as a roadblock for doctors, hospitals, nursing homes, colleges, municipal governments, and public accounting firms.
A local CPA can explain how the Fair Share Act will positively affect Pennsylvania businesses and the CPA profession. Contact Kathleen Miller at 215-972-6188 or email@example.com to set up an interview.