PA tax amnesty program nears deadline

PA tax amnesty program nears deadline

Pennsylvania’s tax amnesty program is nearing its end, the Pennsylvania Department of Revenue said this week.

The amnesty program, articulated in Act 84 of 2016, allows delinquent taxpayers an amnesty period of April 21, 2017, to June 19, 2017, to pay past owed state taxes with half of the interest and waived penalties. 

Wednesday, May 31, 2017/Author: Kyle Maguire
Categories: News and Views
Revenue outlook might signal mayday for PA budget crafters

Revenue outlook might signal mayday for PA budget crafters

The first week of May saw worse news after bad for Pennsylvania’s General Fund revenue collections that could potentially lead to a larger-than-anticipated budget deficit for the coming fiscal year.

 

Monday, the state Department of Revenue reported fiscal-year-to-date revenues are currently $1.2 billion behind estimate after April’s collections were released and the Independent Fiscal Office on Tuesday signaled weak economic growth in Pennsylvania, coupled with a potential shift in the realization of income into next year, has caused a downward revision in their revenue estimates for the current and coming fiscal years.

Tuesday, May 2, 2017/Author: Jason Gottesman
Categories: News and Views
April revenue report continues fiscal-year-long slide

April revenue report continues fiscal-year-long slide

Normally one of the strongest months for revenue collections, April’s report from the Department of Revenue showed the Commonwealth once again failed to meet revenue collection estimates, this time falling more than $500 million below estimate.

 

For the fiscal-year-to-date, state General Fund revenue collections are more than $1.2 billion short of estimates.

Monday, May 1, 2017/Author: Jason Gottesman
Categories: News and Views
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
Wolf administration announces retirement of Revenue Secretary

Wolf administration announces retirement of Revenue Secretary

Gov. Tom Wolf announced Friday that current Revenue Secretary Eileen McNulty will be retiring from her position effective April 21.

 

Taking her place will be former Revenue Secretary Daniel Hassell, who has been named by the governor as acting secretary.

Friday, March 10, 2017/Author: Jason Gottesman
Categories: News and Views
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