PA Taxes

September 19, 2012

Pennsylvania has enacted billions of dollars in business tax cuts and spent hundreds of millions on tax credits, yet there is little information available to determine whether these large tax expenditures have done what they promised to do, PBPC Research Director Michael Wood testified before the House Finance Committee today.

July 13, 2012

The General Assembly has enacted a 2012-13 state budget that restores some of the cuts proposed by Governor Tom Corbett but remains below budgeted 2008-09 levels, despite four years of recession-driven increases in demand for services.

July 5, 2012

Changes to the state's Tax Code are projected by the House Republican Appropriations Committee to reduce revenue collections by $90 million in 2012-13, but the bill has much greater long-term costs.

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.

Monthly archive