Releases

IFO Releases

April 2021 Economic Update

April 28, 2021 | Revenue & Economic Update

The April edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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PBB Overview Presentation for PSP and DMVA

April 28, 2021 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Pennsylvania State Police and the Department of Military and Veterans Affairs is posted on the website.

Tags: budgeting, performance

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PBB Overview Presentation for PennDOT and DHS (Part 2)

April 27, 2021 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Transportation and the Department of Human Services (Part 2).

Tags: budgeting, performance

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NAP, REAP, EEEP, VGP and KSDZ Tax Credit Reviews

April 26, 2021 | Tax Credit Review

IFO presentation of the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credit Reviews.

Tags: credit, eeep, ksdz, nap, reap, review, tax, vgp

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Resource Enhancement and Protection Program Tax Credit

April 23, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Resource Enhancement and Protection Program Tax Credit Report.

IFO Letter to the SCC

Tags: credit, tax

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School Property Tax, Senior Spending and Tax Revenues

April 23, 2021 | News Stand & Other

In response to a legislative request, the IFO transmitted a letter that updates previous analyses on state and local budget issues, including (1) the IFO school district property tax forecast, (2) potential revenue sources that could replace school district property taxes if eliminated, (3) state spending dedicated to seniors, (4) the share of certain tax revenues remitted by seniors, (5) tax treatment of retirement income by state and (6) migration patterns by age groups.

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Entertainment Economic Enhancement Program Tax Credit

April 23, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Entertainment Economic Enhancement Program Tax Credit Report.

Tags: credit, tax

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Keystone Special Development Zone Tax Credit

April 23, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Keystone Special Development Zone Tax Credit Report.

Tags: credit, tax

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Neighborhood Assistance Program Tax Credit

April 23, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Neighborhood Assistance Program Tax Credit Report.

Tags: credit, tax

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Video Game Production Tax Credit

April 23, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Video Game Production Tax Credit Report.

Tags: credit, tax

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