FY 2016-17 budget calls for increased taxes as of August 1st

FY 2016-17 budget calls for increased taxes as of August 1st

The bipartisan revenue package passed by the House and Senate and signed into law by Gov. Wolf in July included a variety of tax increases, but notably on cigarettes and digital downloads.

Digital downloads, and streaming as well, now have a 6 percent tax, which includes services like iTunes downloads, eBooks, and Netflix to name a few.

Monday, August 1, 2016/Author: Kyle Maguire
Categories: News and Views
Budget impasse, inadequate funding leaves school districts “in survival mode”

Budget impasse, inadequate funding leaves school districts “in survival mode”

Saying they want a $400 million increase in education funding paid through broad-based tax increases, representatives of the Pennsylvania School Business Officials and Pennsylvania Association of School Administrators said a lack of education funding, timely PlanCon reimbursements, and the recently concluded budget impasse have left Pennsylvania’s school districts scrambling to keep the doors open.

Monday, June 6, 2016/Author: Jason Gottesman
Categories: News and Views
Sponsors, advocates urge support for water fee bill

Sponsors, advocates urge support for water fee bill

Soon-to-be-introduced legislation by Rep. Mike Sturla (D-Lancaster) to place a fee on water use received support from lawmakers and advocates Monday morning.

Depending on the type of water withdrawn and its subsequent use, the fee would be either 1/100th of a cent or 1/10th of a cent and is estimated to be able to generate $245 million annually for Pennsylvania.

Monday, June 6, 2016/Author: Jason Gottesman
Categories: News and Views
House Republicans: Guv’s tax plan will hurt small businesses

House Republicans: Guv’s tax plan will hurt small businesses

Members of the House Republican Caucus took their no-tax-increase message out of the Capitol and across the Susquehanna River to Camp Hill Friday to highlight the negative impact they believe the revenue package put forward by Gov. Tom Wolf will have on small businesses.

Friday, March 4, 2016/Author: Jason Gottesman
Categories: News and Views
Capital Stock and Franchise Tax is now history

Capital Stock and Franchise Tax is now history

Monday saw the final phaseout of what many have called an onerous business tax: the Capital Stock and Franchise Tax.

According to the Wolf administration, the taxes were imposed on corporations with capital stock, joint-stock associations, limited liability companies, business trusts, and other companies doing business within Pennsylvania. Domestic corporations were subject to the capital stock tax, while foreign corporations are subject to the foreign franchise tax on capital stock apportioned to Pennsylvania.

Tuesday, January 5, 2016/Author: Jason Gottesman
Categories: News and Views
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