Harrisburg considering amendment on Philly commercial property taxes

Harrisburg considering amendment on Philly commercial property taxes

Legislation before the House and Senate would amend the state Constitution and allow for Philadelphia to charge higher real estate taxes for business properties than residential properties.

This is the second consecutive session with such legislation. As required to alter the Pennsylvania Constitution, it must pass a second time and then be approved by voter referendum.

Thursday, October 11, 2018/Author: Marco Cerino
PA Chamber floats tax reform plan including lower corporate tax rates, retirement income levy

PA Chamber floats tax reform plan including lower corporate tax rates, retirement income levy

A lower corporate income tax, a new tax on retirement income, regular property assessments and a broader sales tax base were all pitched in a new report on reforming Pennsylvania’s tax system sponsored by the PA Chamber.

The analysis, done by the conservative Tax Foundation, is an attempt to rectify what PA Chamber vice president of government affairs Sam Denisco said is a system with “a lot to be desired.” 

“For too long, our state’s uncompetitive tax structure has caused the Commonwealth to lag behind other states – missing out on economic opportunity and growth,” Denisco said in a statement. “In order to compete in today’s global economy, we need to take a page out of the federal government’s book and take a hard look at the shortcomings within the state’s Tax Code.”
Monday, September 10, 2018/Author: Stephen Caruso
Categories: News and Views
Philly construction tax, meant to fund affordable housing, waits on decision of mayor

Philly construction tax, meant to fund affordable housing, waits on decision of mayor

Affordable housing is dwindling in Philadelphia. But like in Pittsburgh, Philly’s city council thinks it has a solution.

Back in June, the council passed a construction bill that would tax all new development at one percent. That money is supposed to go directly the Housing Trust Fund, which supports the production and preservation of affordable housing in the city.

Thursday, August 23, 2018/Author: Taylor Allen
Categories: News and Views
Federal tax policy changes adds small wrinkle to budget negotiations

Federal tax policy changes adds small wrinkle to budget negotiations

Another week into June, and details on the budget are still slow coming, but Capitol observers think that could just be a sign that a deal is near.

In fact, one of the few disagreements to bubble up has had more to do with federal policy trickling down than the state level problems.

Saturday, June 16, 2018/Author: Stephen Caruso
Categories: News and Views
Getting online home rentals onto tax rolls advances out of committee

Getting online home rentals onto tax rolls advances out of committee

A law to make AirBnb and other home sharing platforms register with local governments moved out of committee Thursday.

The bill, HB 1810, would require that the websites share information on every host in the state with both the state Department of Treasury and county treasurers’ offices.

Thursday, May 24, 2018/Author: Stephen Caruso
Categories: News and Views
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