Releases

IFO Releases

Federal Tax Code Conformity Analysis

April 27, 2018 | News Stand & Other

The IFO responds to a legislative request regarding the General Fund revenue impact from conformity with certain federal tax code provisions.

Full Report

IFO News Stand - April Edition

April 20, 2018 | News Stand & Other

The first edition of our monthly newsletter – The IFO News Stand. The new release provides links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.

Full Report

Analysis of Revenue Proposals in the 2018-19 Executive Budget

April 18, 2018 | Revenue Estimates

This report provides estimates for the revenue proposals contained in the 2018-19 Executive Budget released February 2018. The Independent Fiscal Office (IFO) publishes this report to fulfill its statutory duties as provided under 71 Pa.C.S. § 4104. The act requires that the IFO “provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget.” 

Full Report

Corporate Net Income Tax Rate Reduction

April 11, 2018 | News Stand & Other

The IFO responds to a legislative request regarding the state corporate net income tax (CNIT). The report contains an analysis of state CNIT rates, their impact on revenues and a proposal to reduce the Pennsylvania CNIT rate. 

Full Report

Neighborhood Assistance Program Tax Credit

April 02, 2018 | Tax Credit Review

The IFO responds to a request regarding the Neighborhood Assistance Program Tax Credit. 

Full Report

MARCH 2018

April 02, 2018 | Monthly Trends Reports

The Commonwealth collected $4.3 billion in General Fund revenues for March, a decrease of $97 million (-2.2%) compared to March 2017. Fiscal year-to-date revenues were $25.3 billion, an increase of $2.9 billion (12.9%) from the prior year.

Full Report