A proposed Pa. tax reform swap could save homeowners - but not working renters - thousands of dollars
Sunday, October 7, 2012
By Melissa Daniels | PA Independent HARRISBURG — Eliminating school property taxes in Pennsylvania means some will win, others will lose. The winners are retired homeowners, who could see a 37 percent decrease in their tax liability, according to the latest analysis of the most visible proposal on the table. The losers are working renters, who could see a nearly 11 percent increase in tax spending. The tax reform proposal spelled out in House Bill 1776 and Senate Bill 1400 aims to swap about $13 billion in school property taxes annually with increases in sales tax, an expanded sales tax base and an increase in personal income taxes. The latest figures, from a much-anticipated analysis by the state Legislature’s Independent Fiscal Office, …
Pa. tax relief from slots revenue varies by school district.
Monday, June 4, 2012
By Melissa Daniels | PA Independent HARRISBURG — Every dollar in the slot machine adds 55 cents to Pennsylvania’s tax revenue, contributing to the largest pot of gambling tax revenue in the nation. That means Pennsylvanians see more return from the gambling operations than any other state, including Nevada and New Jersey. But not all groups are satisfied with how that money gets returned, and growing competition from surrounding mid-Atlantic states is a potential threat to the revenue stream set aside to help property owners pay their tax bills. In Pennsylvania, gambling brought in a total of $3.02 billion in consumer spending in 2011. Of that, $1.456 billion was returned to the state in tax revenue, the highest of any of the states …