Revenue Department launches tax amnesty program

Revenue Department launches tax amnesty program

Remember that little corner of the current year’s budget plan that called for $100 million in revenue from a tax amnesty program? Friday, the Department of Revenue announced that the program starts April 21 and will run for a 60-day period ending on June 19, 2017.

Friday, April 21, 2017/Author: Jason Gottesman
Categories: News and Views
Tax amnesty program guidelines released

Tax amnesty program guidelines released

Although the amnesty period will not begin until early 2017, the guidelines for the tax amnesty program authorized as part of the revenue package accompanying the FY 2016-2017 budget have been released.

 

Under the guidelines, all known and unknown tax delinquencies that existed prior to December 31, 2015, for taxes owed to the Commonwealth and administered by the Department of Revenue will be eligible for the lessened burden as part of the amnesty program.

Monday, September 12, 2016/Author: Jason Gottesman
Categories: News and Views
Additional options put on revenue negotiating table

Additional options put on revenue negotiating table

After a late-week scrap over which sources of revenue to fill the roughly $1.3 billion budget hole have legislative support, caucus leaders returned from the July Fourth holiday Tuesday to once again sit down at the negotiating table, this time bringing additional options for how to fully fund the $31.6 billion spending plan sent to the governor’s desk last week.

 

The leading proposal to emerge from a meeting of the four legislative caucus leaders Tuesday morning was one to include a $300 million loan from the State Workers’ Insurance Fund (SWIF) to replace revenue that could’ve been raised from the reimplementation of a now-controversial Gross Receipts Tax on natural gas.

Tuesday, July 5, 2016/Author: Jason Gottesman
Categories: News and Views
Budget-supporting revenue talks may be off the rails

Budget-supporting revenue talks may be off the rails

It didn’t take long after the FY 2016-2017 budget landed on Gov. Tom Wolf’s desk Friday for some of the old signs of the 2015-2016 impasse to show themselves in how legislative leaders are going about negotiating the revenue to support the $31.6 billion spending plan passed just the night before.

 

While discussions to get some agreement on revenue to possibly get everything for the budget wrapped up before the July Fourth holiday weekend occurred in earnest throughout the early part of the day Friday, things quickly and dramatically hit a speed bump after House Republicans put a revenue plan on the table that failed to get agreement of House Democrats.

Friday, July 1, 2016/Author: Jason Gottesman
Categories: News and Views
Pennsylvania residents may see a tax amnesty once again

Pennsylvania residents may see a tax amnesty once again

Pennsylvania has used tax amnesty in the past to collect money and Rep. Marguerite Quinn (R-Bucks) has been working on using the tax amnesty strategy once again. 

House Bill 1888 would allow tax delinquents to file tax returns without dealing with any of their potential penalties. Rep. Quinn believes that doing this would only help the commonwealth see money they may have otherwise never seen.

Wednesday, June 29, 2016/Author: Kara Barmoy
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