Philadelphia taxes get state legislative spotlight

Philadelphia taxes get state legislative spotlight

Two Philadelphia-specific taxes got the legislative spotlight Tuesday as the Senate Local Government Committee held a hearing on the city’s beverage tax and the House Finance Committee held a hearing examining legislation to alter the city’s wage tax.

Tuesday, October 17, 2017/Author: Jason Gottesman
House Finance Committee cancels Monday vote on severance tax proposal

House Finance Committee cancels Monday vote on severance tax proposal

While the House Finance Committee had sunshined a Monday vote on a severance tax proposal that would have imposed a 3.2 percent severance tax on natural gas extracts on top of the already-existing local impact fee, the meeting was abruptly cancelled on Friday.

Friday, October 13, 2017/Author: Jason Gottesman
Categories: News and Views

House Finance Committee looks to increase funds for the Neighborhood Assistance Program

The House Finance Committee met in Pittsburgh Thursday to discuss the Neighborhood Assistance Program (NAP) and legislation to increase funds allocated to the program.

The goal of the NAP is to improve the lives of low-income people in distressed neighborhoods through partnerships between community-based organizations and the business and corporate community.

“As we’ve experienced an increase in need for the program, the demand and competitiveness for projects that could benefit from it are that much higher, placing an increased burden on how much the program can meet the need," said Sen. Wayne Fontana (D-Allegheny/Brookline), the sponsor of SB 243, one piece of legislation that would increase the allocation for the NAP from the current $18 million to $25 million.

Thursday, August 25, 2016/Author: Alanna Koll
Combined reporting hearing: partisan or educational?

Combined reporting hearing: partisan or educational?

The House Finance Committee held a hearing on the issue of combined reporting Wednesday that some are calling partisan, while others have defended it as educational.

Combined reporting would require multi-state corporations with a Pennsylvania presence to pay Pennsylvania taxes on the combined income of all entities, regardless of whether they are headquartered in Pennsylvania.

Currently, under the so-called Delaware Loophole, corporations with their headquarters in Delaware can avoid paying Pennsylvania corporate taxes despite having a presence in the Commonwealth.

Wednesday’s hearing was brought together as a result of Gov. Tom Wolf proposing to lower Pennsylvania’s current corporate net income tax of 9.99 percent to 4.99 percent so long as combined reporting is adopted.

Wednesday, April 15, 2015/Author: Jason Gottesman
Categories: News and Views
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