PA Taxes

June 25, 2012

Expanding the Educational Improvement Tax Credit (EITC) now will drain more state revenue away from public schools at a time when many are laying off teachers, cutting kindergarten or prekindergarten, and eliminating courses, PBPC researchers write in a new analysis.

June 12, 2012

The Pennsylvania House amended the Senate Budget last week to add $91 million to the Departments of Education, Environmental Protection and Public Welfare, but because new spending had to be offset elsewhere the plan also includes cuts to the Governor’s office, economic development programs and general government operations.

June 8, 2012

Governor Tom Corbett’s administration has proposed giving $1.65 billion in state tax credits over 25 years to companies that build and operate an ethylene cracker plant in Pennsylvania. It would be a windfall for Shell Oil, which is evaluating a site for a cracker plant in Beaver County.

June 5, 2012

Pennsylvanians pay sales tax on numerous purchases, but few realize that the store collecting the tax gets to keep a portion of it. Some large retailers are able to keep millions. Governor Corbett proposes to reform it by placing a cap on how much any one retailer can receive.

June 1, 2012

The Senate, responding to Pennsylvanians’ deep concerns about service cuts, passed a budget bill that is a significant improvement over Gov. Tom Corbett’s budget. Still, lawmakers are leaving money on the table.

May 22, 2012

Next year, Pennsylvania will spend $2.4 billion on business tax breaks. That amount has tripled over the last 10 years and does not count the hundreds of millions of dollars lost annually to corporate tax loopholes.

April 30, 2012

The Pennsylvania House will take up a bill this week that couples a half-hearted attempt to close corporate tax loopholes with nearly a billion dollars in business tax cuts by the end of the decade. Read Sharon Ward's memo to editors and reporters outlining concerns about the bill.

April 19, 2012

House Bill 2150 will prevent some corporations from using loopholes to avoid paying income taxes, but revenue raised from this change doesn't come close to covering the amount the state will lose in revenue from tax cuts in the bill.

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