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.

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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.

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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.” 

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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. 

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Neighborhood Assistance Program Tax Credit

April 02, 2018 | Tax Credit Review

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

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MARCH 2018

April 02, 2018 | Revenue & Economic Update

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.

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