Property Tax Burden By CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2021. Tags: county, property, tax |
Property Tax/Rent Rebate ExpansionThis research brief uses data from the Pennsylvania Department of Revenue, the American Community Survey and Social Security Administration to estimate the impact of the recently enacted expansion of the PTRR program. It provides detail on impact by income level, claimant type and county. Tags: property, rebate, rent, tax |
Property Tax Burden by CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2020. Tags: county, property, tax |
School District Property Tax UpdateThe IFO released an updated school district property tax forecast. The report (1) projects revenues through FY 2026-27, (2) estimates revenues collected from senior homeowners, (3) ranks counties based on per capita revenues and (4) provides detail on the projected Act 1 index. Tags: property, school, tax |
Property Tax Replacement EstimatesIn response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13. Tags: legislative, property, request, tax |
Property Tax Replacement EstimatesIn response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated. Tags: legislative, property, request, tax |
IFO Background and Recent ReleasesDirector Matt Knittel made a presentation of recent IFO releases to the PA School Boards Association. Tags: pension, property |
Economic Outlook and Property Tax UpdateAnalyst Jesse Bushman made a presentation to PASBO regarding the IFO’s recent Five-Year Economic and Budget Outlook and School District Property Tax Forecast. Tags: demographic, outlook, property, revenue |
School District Property Tax ForecastThis report contains the IFO's updated forecast of school district property tax collections from FY 2020-21 to FY 2025-26. This report updates the forecast that the IFO published in February 2021 and includes (1) actual FY 2019-20 current-year property tax collections, (2) the impact from FY 2021-22 millage rates and (3) new wage projections that increase the statewide average weekly wage (SAWW) portion of the Act 1 Index projection. Tags: property, tax |
Property Tax UpdateDirector Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee. Tags: presentation, property, tax |
Property Tax Burden by CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate and rank county-level property tax burdens across the state for 2019. Note: This research brief was originally posted on 8/17/2021. It has been updated to include a map that displays school district property tax burdens by county. Tags: property, tax |
Projecting the Components of the Act 1 IndexDirector Matt Knittel made a presentation to PASBO regarding the IFO’s recent computation of the Act 1 Index. Tags: presentation, property |
School District Property Tax ForecastThis report contains the IFO's forecast of school district property tax collections from FY 2019-20 to FY 2025-26. The report also contains projections of the Act 1 index and estimates of school district property taxes attributable to homestead property. (This report was originally posted on February 2, 2021. Based on new data for the 2020 Q4 ECI, which impacts the FY 2020-21 ECI computation, this report was updated and reposted.) Tags: property, tax |
Economic and Budget Update PresentationDeputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook. Tags: budget, demographic, economic, estimates, presentation, property |
Property Tax by County and IncomeThis research brief uses data from the U.S. Census Bureau's American Community Survey to provide Pennsylvania property tax data for 2018 by county, household income and homeowner age. Tags: property, tax |
Property Tax Update PresentationDirector Matthew Knittel made a brief presentation to the Pennsylvania School Boards Association on property tax data recently published by the IFO. Tags: presentation, property |
School District Property Tax ForecastThis report contains the IFO's forecasted school district property tax collections from FY 2018-19 through FY 2024-25. The report also contains projections of the Act 1 index and estimates of school district property taxes that can be attributed to homesteads. Total school property tax collections for FY 2018-19 ($15.0 billion) and FY 2019-20 ($15.3 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2020-21 through FY 2024-25, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow at an average annual rate of 3.9 percent, reaching $18.6 billion by FY 2024-25. Tags: property |
2022 property Tax Burden by CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens on homeowners and renters across the state for 2022. The brief was updated on September 6, 2024 to address a technical correction. 08/21/2024 |
School District property Tax ForecastThe IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2025-26 and provides an overview of recent trends in school district funding. 06/19/2024 |
State and Local Tax Revenues: A 50 State ComparisonThis report uses data from the U.S. Census Bureau, the U.S. Bureau of Economic Analysis, CCH AnswerConnect and the Tax Foundation to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the level of per capita state and local taxes across states (unadjusted and adjusted for price differentials) and (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property). 02/14/2024 |
property Tax Burden By CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2021. 08/22/2023 |
property Tax/Rent Rebate ExpansionThis research brief uses data from the Pennsylvania Department of Revenue, the American Community Survey and Social Security Administration to estimate the impact of the recently enacted expansion of the PTRR program. It provides detail on impact by income level, claimant type and county. 08/09/2023 |
School District property Tax UpdateThe IFO released an updated school district property tax forecast. The report (1) projects revenues through FY 2027-28, (2) estimates revenues collected from senior homeowners, (3) ranks counties based on per capita revenues and (4) provides detail on the projected Act 1 index. 06/28/2023 |
property Tax Rebates for Senior HomeownersIn response to a legislative request, the IFO transmitted a letter that analyzes a proposal to provide property tax rebates for senior homeowners in certain income ranges. 04/13/2023 |
State and Local Tax Revenues: A 50 State ComparisonThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 02/21/2023 |
property Tax Burden by CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2020. 09/06/2022 |
School District property Tax UpdateThe IFO released an updated school district property tax forecast. The report (1) projects revenues through FY 2026-27, (2) estimates revenues collected from senior homeowners, (3) ranks counties based on per capita revenues and (4) provides detail on the projected Act 1 index. 08/15/2022 |
property Tax Replacement EstimatesIn response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13. 05/19/2022 |
property Tax Replacement EstimatesIn response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated. 04/15/2022 |
Senate Budget Hearing RequestThe Independent Fiscal Office (IFO) responded to two questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to an update of the IFO’s five-year projections for revenues and expenditures that incorporates the proposed initiatives in the Governor’s Executive Budget and an estimate of school district property taxes paid by seniors. 03/21/2022 |
Act 25 of 2011 AnalysisIn response to a legislative request, the IFO transmitted a letter that estimates the potential reduction in property taxes due to Act 25 of 2011. 02/16/2022 |
STATE AND LOCAL TAX REVENUES: A 50 STATE COMPARISONThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 01/19/2022 |
Economic Outlook and property Tax UpdateAnalyst Jesse Bushman made a presentation to PASBO regarding the IFO’s recent Five-Year Economic and Budget Outlook and School District property Tax Forecast. 11/16/2021 |
School District property Tax ForecastThis report contains the IFO's updated forecast of school district property tax collections from FY 2020-21 to FY 2025-26. This report updates the forecast that the IFO published in February 2021 and includes (1) actual FY 2019-20 current-year property tax collections, (2) the impact from FY 2021-22 millage rates and (3) new wage projections that increase the statewide average weekly wage (SAWW) portion of the Act 1 Index projection. 11/08/2021 |
property Tax UpdateDirector Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee. 08/30/2021 |
property Tax Burden by CountyThis research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate and rank county-level property tax burdens across the state for 2019. Note: This research brief was originally posted on 8/17/2021. It has been updated to include a map that displays school district property tax burdens by county. 08/25/2021 |
School property Tax, Senior Spending and Tax RevenuesIn 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. 04/23/2021 |
School District property Tax ForecastThis report contains the IFO's forecast of school district property tax collections from FY 2019-20 to FY 2025-26. The report also contains projections of the Act 1 index and estimates of school district property taxes attributable to homestead property. (This report was originally posted on February 2, 2021. Based on new data for the 2020 Q4 ECI, which impacts the FY 2020-21 ECI computation, this report was updated and reposted.) 02/24/2021 |
State and Local Tax Revenues: A 50 State ComparisonThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 11/24/2020 |
COVID-19 Impact on Local RevenuesIn response to a legislative request, the Independent Fiscal Office examined how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and gaming revenues received by municipalities, counties and school districts for the current year. 07/16/2020 |
property Tax by County and IncomeThis research brief uses data from the U.S. Census Bureau's American Community Survey to provide Pennsylvania property tax data for 2018 by county, household income and homeowner age. 04/07/2020 |
property Tax Update PresentationDirector Matthew Knittel made a brief presentation to the Pennsylvania School Boards Association on property tax data recently published by the IFO. 03/13/2020 |
School District property Tax ForecastThis report contains the IFO's forecasted school district property tax collections from FY 2018-19 through FY 2024-25. The report also contains projections of the Act 1 index and estimates of school district property taxes that can be attributed to homesteads. Total school property tax collections for FY 2018-19 ($15.0 billion) and FY 2019-20 ($15.3 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2020-21 through FY 2024-25, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow at an average annual rate of 3.9 percent, reaching $18.6 billion by FY 2024-25. 02/06/2020 |
State and Local Taxes: A Comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 01/29/2020 |
School District property Tax RebateIn response to a legislative request, the IFO transmitted a letter that analyzes a set of proposed school district property tax rebates for all homestead property owners. 11/12/2019 |
property Tax Replacement EstimatesIn response to a legislative request, the IFO transmitted a letter that provides revenue estimates for various proposed changes to the state tax code affecting personal income and sales and use taxes. 10/04/2019 |
School District property Tax EliminationIn response to a legislative request, the IFO transmitted a letter that estimates potential replacement revenues for school district property taxes described in House Bill 13. 10/03/2019 |
property Tax Elimination for Senior HomeownersIn response to a legislative request, the IFO transmitted a letter that analyzes a proposal to eliminate all property taxes for senior homeowners with household income of $40,000 or less. 09/25/2019 |
property Tax Rent Rebate ProgramIn response to a legislative request, the IFO transmitted a letter that supplements a previous request to analyze a proposed expansion of the property Tax Rent Rebate Program. 09/17/2019 |
property Tax Rent Rebate ProgramIn response to a legislative request, the IFO transmitted a letter that analyzes a proposed expansion of the property Tax Rent Rebate Program. Note: This analysis was originally posted on May 15, 2019. The analysis was reposted on September 12, 2019 to reflect technical adjustments made by the IFO based on research cited in the footnotes of the updated analysis. 09/12/2019 |
property Tax Rebate for Older HomeownersIn response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis of a proposed property tax rebate for older homeowners based on various levels of household income. 09/12/2019 |
property Tax Rebate for Older HomeownersIn response to a legislative request, the IFO transmitted a letter that analyzes a proposed property tax rebate for older homeowners based on various levels of household income. 08/22/2019 |
property Tax Replacement EstimatesIn response to a legislative request, the IFO has posted a letter that provides revenue estimates for various proposed changes to the state tax code that affect personal income, sales and property taxes. 05/23/2019 |
SCHOOL DISTRICT property TAX FORECASTThis report contains the IFO's forecasted school district property tax collections from FY 2017-18 through FY 2023-24. The report also contains projections of the Act 1 index and estimates of school district property taxes that can be attributed to homesteads. Total school property tax collections for FY 2017-18 ($14.5 billion) and FY 2018-19 ($14.9 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2019-20 through FY 2023-24, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow by an average annual rate of 3.2 percent, reaching $17.3 billion by FY 2023-24. 03/18/2019 |
Homestead Exclusion and PITIn response to a legislative request, the IFO transmitted a letter that computes the level of personal income tax (PIT) increase needed to fully fund a 100% homestead exclusion for school district property taxes. 03/13/2019 |
Income and property Tax Burden for RetireesIn response to a legislative request, the IFO transmitted a letter that modifies or supplements certain computations from the IFO report entitled State and Local Taxes: A Comparison Across States (December 2018). The letter also compares Pennsylvania’s relative debt burden to other states. 03/06/2019 |
Economic & Budget Outlook PresentationDeputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook. The presentation summarized the office's five year economic and budget outlook (November 2018) as well as more recent updates to the office's revenue estimates for FY 2018-19 and FY 2019-20 (January 2019). The presentation also addressed the office's most recent estimate for school property tax collections. 03/01/2019 |
property TAX ELIMINATION PROJECTIONIn response to a legislative request, the IFO has updated projections regarding school district property tax elimination. The document projects the school property tax revenues that would be subject to replacement under potential legislation that would eliminate school property taxes. 02/27/2019 |
State and Local Taxes: A Comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau and U.S. Bureau of Economic Analysis to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property), (3) state tax rates and (4) state debt levels. 12/03/2018 |
property Tax Update - August 2018In response to a legislative request, the IFO updated select tables and graphs related to school district property tax that were originally released in January and December of 2017. 08/17/2018 |
Budget And Economic Update with property Tax DiscussionDirector Matthew Knittel gave a budget and economic update to the Pennsylvania Association of School Business Officials (PASBO). Revenue Analyst Jesse Bushman also discussed an updated school district property tax forecast and recent proposed legislation. 06/05/2018 |
Fiscal Impact of School property Tax RebatesIn response to a legislative request, the IFO estimated the fiscal impact of a school property tax rebate for all homesteads. The rebate would be equal to the statewide average school property tax paid by homesteads. The response includes both baseline estimates for currently eligible homesteads and estimates for a behavioral effect based on the filing of additional homestead applications in response to the availability of rebates. 03/13/2018 |
IFO Update on Selected Fiscal Topics and Pennsylvania DemographicsDeputy Director Mark Ryan made a presentation to the annual conference of the Pennsylvania Association of School Business Officials and provided updates on topics addressed in recent IFO analyses. The topics included 1) school property tax forecasts and analysis, 2) Pennsylvania demographic trends, 3) the most recent IFO revenue estimates for FY 2017-18 and FY 2018-19 and 4) the impact of pension changes resulting from Act 5 of 2017. 03/09/2018 |
State and Local Taxes: A Comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 02/01/2018 |
School District property Tax ForecastThis research brief contains the IFO's forecasted school district property tax collections from FY 2016-17 through FY 2022-23. The brief also contains estimates of school district property tax collections that can be attributed to homestead property. Total school property tax collections for FY 2016-17 ($14.0 billion) and FY 2017-18 ($14.4 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2018-19 through FY 2022-23, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow by an average annual rate of 3.3 percent, reaching $17.0 billion by FY 2022-23. 01/18/2018 |
School property Taxes; Households Age 60, 65 and 70 or OlderIn response to a legislative request, the IFO analyzed data from the American Community Survey (ACS) to estimate the share of school property taxes paid by households in which the householder (or spouse, if applicable) had attained the ages 60 or over, 65 or over and 70 or over. The analysis applies the shares derived from the ACS to estimated school district property tax collections attributable to homestead properties for FY 2015-16 to further estimate the dollar amounts paid by such households. 12/11/2017 |
County Homestead DetailAs an extension of its recent research relating to property taxes, the IFO has released additional data regarding homestead property. Estimates for the numbers and assessed values of homestead properties by county are based, in large part, on the results of a survey of county assessment offices. The County Commissioners Association of Pennsylvania provided valuable assistance by coordinating the survey. Data for Philadelphia has been adjusted based on new information provided by the Philadelphia Department of Revenue. 12/06/2017 |
School property Tax and Related DataIn response to a legislative request, the IFO collected and analyzed certain data related to school property taxes and potential replacement revenues. Data for Philadelphia in Table 3 has been adjusted based on information provided by the Philadelphia Department of Revenue. 11/13/2017 |
State and Local Taxes: A Comparison Across StatesThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS) and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 05/31/2017 |
An Overview of School District property Tax ReformThroughout May, Director Matt Knittel and Deputy Director Mark Ryan will make five presentations on the potential implications of school district property tax reform. The events are sponsored by the Pennsylvania Economy League and will take place at the various locations listed below. Click the following links for additional details: READING Thursday May 4th 7:30-9:00am WILLIAMSPORT Friday May 5th 12:00-1:30pm YORK Thursday May 11th 12:00-1:30pm WILKES-BARRE Friday May 12th 12:00-1:30pm LEHIGH VALLEY Friday May 19th 12:00-1:30pm 05/04/2017 |
property Tax Elimination ProjectionThe IFO has released new projections regarding school property tax elimination. The document projects the school property tax revenues that would be eliminated, and thus subject to replacement, under legislation that may be introduced in the near future (the relevant parameters are summarized in the document). The projection builds upon a school property tax forecast the IFO released in January of this year. 04/11/2017 |
Long-Term Fiscal OutlookDeputy Director Mark Ryan made a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's long-term fiscal outlook. The presentation summarized the office's five-year economic and budget outlook (November 2016) as well as more recent updates to the office's revenue estimates for FY 2016-17 and FY 2017-18 (January 2017). The presentation also addressed the office's most recent estimate for school property tax collections. 02/10/2017 |
School District property Tax EliminationDirector Matt Knittel and Deputy Director Mark Ryan made a presentation to the Pennsylvania School Boards Association (PSBA) regarding the current proposal and forecasts for school district property taxes in Pennsylvania. *Updated February 13, 2017 01/19/2017 |
Updated School District property Tax ForecastLetter updating the IFO's forecast of school district property tax collections for FY 2015-16 through FY 2021-22. The letter also includes projections of school district debt service payments and earned income tax collections for FY 2015-16 through FY 2021-22. Total school property tax collections for FY 2015-16 ($13.6 billion) and FY 2016-17 ($13.9 billion) are estimated using millage rates published by the Pennsylvania Department of Education. For FY 2017-18 through FY 2021-22, collections are projected based on a forecast of the Act 1 index and exceptions. During that period, total school property tax collections are projected to grow by an average annual rate of 3.5 percent, reaching $16.5 billion by FY 2021-22. Prior reports / references: (1) 2013 IFO analysis of HB / SB 76 and (2) 2014 update of the school property tax forecast. 01/09/2017 |
The Effect of Act 1 of 2015Letter discussing the effect of Act 1, which uses an index to limit the ability of school districts to increase real property millage rates (April 2015). 04/17/2015 |
property Tax Rebate EstimateLetter providing estimates for a potential proposal to give homestead owners school property tax rebates equal to the statewide average school property tax paid (March 2015). 03/11/2015 |
Updated School District property Tax ForecastLetter updating the IFO's forecast of school property tax collections for FY 2013-14 through FY 2019-20 (December 2014). 12/12/2014 |
Natural Gas Extraction: An Interstate Tax ComparisonThis report compares Pennsylvania's unique natural gas tax structure to other states. The report also considers other taxes that may be levied on natural gas producers such as real and personal property, corporate and personal income, sales and use and miscellaneous fees. Due to the complexity of the analysis, readers are encouraged to thoroughly review the methodology and assumptions contained in Section 1 of this report. Full report Analysis-in-Brief (2 pages) Background on effective tax rates (2 pages, updated 4/4/2014 for the 2013 reporting year impact fee collections) 03/17/2014 |
Analysis of House Bill 1693 (2013)Letter providing data on the share of residential and nonresidential property assessments by county (December 2013). The letter was in response to a request regarding HB 1693, which was a proposed constitutional amendment permitting different millage rates for residential and nonresidential property. 12/17/2013 |
Analysis of school property taxes paid by homeowners age 70 and olderLetter providing an analysis of school property taxes paid by homeowners age 70 and older (October 2013). The analysis presents a preliminary assessment of data on the cost of a school property tax freeze for those homeowners and a brief discussion of factors that affect the cost of a freeze over the long-term. 10/29/2013 |
Analysis of Proposal to Replace School property Taxes: House Bill 76 and Senate Bill 76This report presents the results from an analysis of House Bill 76 and Senate Bill 76 performed by the Independent Fiscal Office (IFO). The proposed legislation eliminates local school district property taxes and replaces those funds with sales and use and personal income taxes, as well as monies redirected from the property Tax Relief Fund. Presentation to the Senate Finance Committee on 10/15/2013. Data for the graphs in section 4 of the report that display the annual and cumulative changes in personal income, sales and school property tax collections. Introduction, which contains summary results from the report. 10/01/2013 |
Projections of school property taxes paid by Pennsylvania homesteadsLetter containing projections of the school property taxes paid by Pennsylvania homesteads (September 2013). 09/16/2013 |
Analysis of Michigan property Tax ReformThis report presents the results from an analysis of the Michigan property tax reform known as Proposal A. Enacted in 1994, Proposal A replaced all local property taxes used for school operating purposes with higher sales and use, realty transfer and tobacco taxes. It also created a distinction between homestead and nonhomestead property to facilitate the statewide levy of uniform property taxes on those classes of property. The report makes extensive use of data published by various Michigan executive and legislative agencies to illustrate the impact of property tax reform on tax revenues, millage rates, per pupil funding levels and the property tax base over the past two decades. 09/16/2013 |
Estimate of property taxes paid by Lancaster County homeowners aged 70 and overLetter containing an estimate of property taxes paid by Lancaster County homeowners aged 70 and over (June 2013). 06/24/2013 |
SD-Property-Tax-Forecast-2020.pdfIndependent Fiscal Office February 2020 1 February 2020 School District Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school district property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of Hits: 74 |
SD_Property_Tax_Forecast_Nov_2021.pdfThis report provides an updated forecast of statewide school district property taxes based on the latest published revenue data and economic projections by the Independent Fiscal Office (IFO). The most recent school district property tax data published by the Pennsylvania Department of Education (PDE, or the department) is for fiscal year (FY) 2019-20 Hits: 66 |
2021-SD-Property-Tax-Forecast.pdfThe Independent Fiscal Office (IFO) has issued periodic school district property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of proposals that contemplate changes to school property taxes. The most recent school property tax data published by the Pennsylvania Department of Education (PDE, or department) is for Hits: 66 |
RB-2018-01.pdfIndependent Fiscal Of Ðice January 2018 1 Research Brief 2018‐1 January 2018 School District Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school property tax forecasts in response to legislative and public interest. This analysis provides an updated forecast to facilitate discussion of proposals Hits: 56 |
SD-Property-Tax-Forecast-2019.pdfIndependent Fiscal Office March 2019 1 March 2019 School District Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of Hits: 55 |
RB_2024_08_Property_Tax_Burden_by_County.pdfutilizes (1) county-level income data from the Bureau of Economic Analysis (BEA) and Internal Revenue Service (IRS) and (2) property tax data from the Pennsylvania Department of Education (PDE) and Department of Community and Economic Development (DCED) to estimate the 2022 homeowner-renter property tax burden by county. The homeowner-renter property tax burden reflects the Homestead Exemption, which reduced school district property taxes Hits: 43 |
SD_Prop_Tax_Update_Jun_2023.pdfThis update provides an overview of statewide school district (SD) property tax collections as published by the Pennsylvania Department of Education (PDE) and an outlook for future collections based on the and economic projections by the Independent Fiscal Office (IFO). For FY 2021-22, data published by PDE show that SD property tax collections were $16.1 billion. The total includes $15.0 billion in current-year collections, $535 million in Act Hits: 42 |
SD_Prop_Tax_Update_Aug_2022.pdfThis update provides an overview of statewide school district (SD) property tax collections as published by the Pennsylvania Department of Education (PDE) and an outlook for future collections based on the available data and economic projections by the Independent Fiscal Office (IFO). The latest data published by PDE show that SD property tax collections were $15.7 billion in FY 2020-21. The total includes $14.6 billion in current-year collections Hits: 40 |
PA_Economy_League_Presentation.pdfEconomic and Budget Outlook An Overview of School District Property Tax Reform INDEPENDENT FISCAL OFFICE sponsored by the PA Economy League MAY 19, 2017 Office Began Operations September 2011. Office Makes NO Policy Recommendations. 19.May.2017 Independent Fiscal Office 2 Broad overview of the potential implications of school property tax reform. Three parts: 1. Types of school property tax proposals that have been considered by the General Assembly. 2 Hits: 40 |
index.cfmRevenue Estimates Revenue & Economic Update Performance Budgeting Energy Pension Analysis Property Tax Wage Contracts Tax Credit Review Economics and Other Featured Releases County Income Patterns 2019 to 2022 Economics and Other June 20, 2024 and the statutory changes that were enacted with the FY 2024-25 state budget. ... (Full Report) 2022 Property Tax Burden by County Property Tax August 21, 2024 This research brief uses (1) income data from the Bureau of Hits: 40 |
County_Property_Tax_Burden_Aug_2021.pdfThis research brief estimates the total 2019 property tax burden by county utilizing income data from the Bureau of Economic Analysis (BEA) and Internal Revenue Service (IRS) and property tax data from the Pennsylvania Department of Education (PDE) and Department of Community and Economic Development (DCED). For all counties Hits: 39 |
PBB_2019_DGS_Report.pdfbroadcast services. Managing and maintaining the Commonwealth’s vehicle fleet. Collection and sale of surplus state property and provision of purchasing opportunities for certain new and used federal equipment to local governments, law enforcement agencies and eligible non- profit organizations; recycling of used Commonwealth property and materials when possible. Centralized warehousing for bulk materials, records, forms and publications as well as distribution and delivery services for Hits: 37 |
TC_2019_Historic_Preservation_Tax_Credit_Report.pdfDepartment of Legislative Services, five legislative points of emphasis were noted as motivating the state HPTC: Historic properties significant to the State’s heritage are being lost or substantially altered, often inadvertently, with increasing frequency; Historic properties are vital part of our community life and development and cannot be replaced if lost or destroyed; It is in the Hits: 36 |
RB_2023_08_Property_Tax_Burden_by_County.pdfresearch brief utilizes county-level income data from the Bureau of Economic Analysis (BEA) and Internal Revenue Service (IRS) and property tax data from the Pennsylvania Department of Education (PDE) and Department of Community and Economic Development (DCED) to estimate the 2021 property tax burden by county. For all counties, the property tax burden reflects the Homestead Exemption, which reduced school district property Hits: 36 |
Response-Letter-11-08-2019.pdfSenator Hughes: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates related to school district property tax rebates for eligible homesteads. Specifically, your letter requested the following estimates: The number of properties that may qualify as homestead properties. 1 The statewide average school district property tax paid by homestead property owners Hits: 34 |
Select Committee Oct 1 2012 FINAL.pdfor shortfall to (1) the Education Stabilization Fund and (2) school districts. Detail by revenue source. Background on Property Tax forecast. Some general economic analysis. 1.Oct.2012 Analysis of HB 1776 and SB 1400 of 2012 – Slide 2 The Proposal Eliminates local school property tax. Property taxes to service debt existing as of Dec. 31, 2011 retained and phased-out. State funding Hits: 33 |
Prop_Tax_Burden_by_County_2022.pdfThis research brief estimates the total 2020 property tax burden by county utilizing income data from the Bureau of Economic Analysis (BEA) and Internal Revenue Service (IRS) and property tax data from the Pennsylvania Department of Education (PDE) and Department of Community and Economic Development (DCED). For all counties Hits: 32 |
PBB_2023_DOR_REPORT.pdfDepartment of Revenue Overview ..................................................................................................... 3 Activity 1: Tax Administration ............................................................................................................ 9 Activity 2: Enforcement .................................................................................................................. 13 Activity 3: Lottery .......................................................................................................................... 17 Activity 4: Property Tax and Rent Rebate (PTRR) .............................................................................. 23 Activity 5: Administration ................................................................................................................ 27 Appendix ....................................................................................................................................... 29 Performance-Based Budgeting and Tax Credit Review Schedule Enforcement....................................... Enforce tax laws and promote voluntary compliance 3 Lottery.................................................. Administer state Lottery to support programs for older adults 4 Property Tax and Rent Rebate...... Provide property tax/rent relief to older and disabled adults 5 Administration................................... Provide organizational leadership and Hits: 32 |
PSBA Presentation - Final.pdfOverview of School District Property Tax Elimination Presentation to the Pennsylvania School Boards Association Independent Fiscal Office Matthew Knittel, Director Mark Ryan, Deputy Director January budget projections: November, May/June and January. Special reports at request of General Assembly. First: Provide some context on property taxes. School district reliance on property tax. Compare PA and US average state-local tax structures. Next: Consider Hits: 25 |
TC_2021_Keystone_Special_Development_Zones_Update.pdfcredits as a portion of remediation costs. Other states provide the credit as a share of qualifying investment in the property. This analysis examines available data and other issues that determine the effectiveness of the KSDZ Tax Credit. The IFO welcomes remediation costs. Other states (e.g., Iowa and Kentucky) provide the credit as a share of qualifying investment in the property. Two SIA sites have been designated as KSDZs. One is located in Bethlehem (441 acres) and the other in Hits: 23 |
County-Prop-Tax-RB.pdffrom the U.S. Census Bureau American Community Survey (ACS) 1-year Public Use Microdata Sample (PUMS) dataset to present property tax information based on county, homeowner age and household income level. 1,2 These data show that in 2018, there were 3.48 million owner-occupied households in Pennsylvania. Those households paid an average of $3,457 in property taxes, or 3.4 percent of total household income. This figure includes all types of property taxes: school district, county Hits: 21 |
SR2017-06.pdfPennsylvania (CCAP) recently provided the Independent Fiscal Office (IFO) with assistance in obtaining estimates for the assessed value of homestead property in Pennsylvania. Specifically, CCAP coordinated a survey of county assessment offices that resulted in responses from 50 counties and contributes to an understanding of the share of the property tax base that is comprised of homestead property. These data will be used to analyze proposals pertaining to property taxes Hits: 19 |
Response_Letter_9_23_2019.pdfattributable to seniors by major category of taxation. The impact on the net migration of seniors if school district property taxes were eliminated and (1) retirement income was taxed at a rate of 4.92 percent or (2) retirement income programs administered by the Departments of Revenue, Transportation and Military and Veterans Affairs. The Department of Revenue, which administers the Property Tax and Rent Rebate (PTRR) program, provided $164 million of rebates to seniors in FY 2017-18 and nearly the Hits: 19 |
Response_Letter_2021_April.pdfto provide updated estimates. The updated tables are as follows. Table 1 provides the latest IFO baseline for school district property taxes. This baseline was released by the office in February 2021. Table 2 provides detail on the estimated costs of relief funds that total $5.0 million and $5.8 million, respectively. In the Lottery Fund, the transfer for the Property Tax Rent Rebate (PTRR) program that would have occurred in 1 See http://www.ifo.state.pa.us/download.cfm Hits: 19 |
Property-Tax-Update-August-2018.pdf1 Table 1 provides the most recent breakdown of the revenue sources used by school districts. The data show that property taxes comprised 42.4 percent of school district funds for FY 2016-17. Table 2 groups school districts into four quartiles based on the share of funding provided by property taxes. For the top quartile, property taxes provided nearly two-thirds of total funding (average across the 125 districts in Hits: 19 |
PBB_2021_PSP_REPORT_ADDENDUM.pdfactivity are as follows: ▪ Improve the quality of life for residents and guests by preventing loss of life, injuries and property damage that occur on Commonwealth roadways as a result of motor vehicle crashes. ▪ Reduce crash-related injuries and fatalities by Page 13 Activity 2: Criminal Law Enforcement and Crime Prevention Criminal Investigation Unit members in Troops A-R investigate violent, property and drug offenses reported to PSP stations. Specialized units and programs support investigations for PSP Troops and other law en- Hits: 19 |
SR2017-05.pdfOlder Source: 2011-2015 American Community Survey, U.S. Census Bureau. Calculations by the IFO. Revised 1/18/2018 County Property Tax Collections 1 Homestead Amount 2 Homestead Percentage 2 Number of Homesteads 3 Average Per Homestead Adams $92,309 $54 208,169 104,313 50 85,297 1,223 Table 3 FY 2015-16 Estimates for Average Homestead School District Property Tax by County Revised 1/18/2018 County Property Tax Collections 1 Homestead Amount 2 Homestead Percentage 2 Number of Hits: 18 |
RB-2020-COVID-19 Local Revenue Impact.pdfthis research brief examines how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and gaming revenues received by municipalities, counties and school districts for the current year. The analysis excludes other important year (CY) 2020 because that corresponds to the municipal and county fiscal year. Those revenues are generally related to (1) property tax bills sent in March 2020, (2) EIT remittances received during the calendar year, which are attributable to wage compensation Hits: 18 |
Presentation_PASBO_Annual_Conference_3-8-2018.pdfDirector Independent Fiscal Office March 8, 2018 Today’s Presentation Updates on topics covered in recent IFO analyses: School property tax Demographics Revenue estimates Pensions / Act 5 2 March 8, 2018 School Property Tax Update New Forecast, Including Homestead Property Background on Property Tax and Discussion Regarding Possible Replacement Options Challenges for Replacement Hits: 18 |
EPLC_3_4_2022_update.pdfa wide range of issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage March 4, 2022 2 Today’s Presentation: Three Parts State demographics, economy and COVID revenues, expenditure offsets State budget ▪ What are the revenue trends? ▪ What is the longer-term outlook? Some miscellaneous budget topics ▪ Property tax: replace with income and sales tax? ▪ Tax burden rankings: how does PA compare to border states? March 4, 2022 Hits: 18 |
EPLC-2-19-21.pdfa wide range of issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage February 19, 2021 2 Today’s Presentation: Three Parts State demographics, economy and COVID revenues, expenditure offsets State budget ▪ What are the revenue trends? ▪ What is the longer-term outlook? Some miscellaneous budget topics ▪ Property tax: replace with income and sales tax? ▪ Tax burden rankings: how does PA compare to border states? February 19, 2021 Hits: 18 |
SD_Prop_Tax_Update_Jun_2024.pdfThis report provides an overview of statewide school district (SD) property tax collections as published by the Pennsylvania Department of Education (PDE) and an outlook for current and future collections based is also included on the next page. The table below displays recent data and the IFO forecast of (1) SD property tax collections and (2) the Act 1 index, which limits the rate at which schools can raise millage rates. Recent Hits: 17 |
PSBA-Property-Tax-Update-March-2020.pdfMarch 13, 2020 Property Tax Update Pennsylvania School Boards Association March 13, 2020 School District Revenues: FY 2017-18 March 13, 2020 2 Source Amount Percent Property Tax $13,511 44.6% Earned Income $1,592 5.3% Other Local Sources $2,347 7.8% Act 1 Hits: 17 |
EPLC Feb 2020 FINAL.pdfof issues: Revenue estimates (how much revenues are available?) Performance based budgeting | Tax credit reviews Special Studies: property tax reform, natural gas, minimum wage February 28, 2020 2 Today’s Presentation: Three Parts State demographics and economy State budget What are the revenue trends? What is the longer-term outlook? Some miscellaneous budget topics Property tax: replace with income and sales tax? Tax burden rankings: how does PA compare to border states? Natural Hits: 17 |
State and Local Tax Burden Study.pdftax burden across all states, (2) the distribution of taxes across revenue sources (e.g., income, sales and property), (3) the distribution of taxes between state and local governments in Pennsylvania and (4) the historical tax burden for Pennsylvania over the CIT will decline. Table 2 ranks states based on the ratio of sales and use tax (SUT) and property tax to personal income. SUT includes taxes on general sales, gross receipts taxes collected by utilities and any sales tax levied by Hits: 16 |
Response-Letter-09-19-2019.pdfthat the Independent Fiscal Office (IFO) provide estimates of the annual loss of tax revenue associated with the elimination of property taxes – imposed by all political subdivisions - on residents that are age 65 or older and have an annual household income The number of households impacted by the proposal. The annual loss of tax revenue associated with (1) school district property taxes and (2) county and municipal property taxes. The definition of household income corresponds with that of the Property Hits: 16 |
Response-Letter-05-13-2019.pdf95% 694 696 699 702 705 708 711 PTRR Payments 6 263 259 255 251 248 244 240 Act 1 Property Tax Subsidies 7 533 533 530 530 530 530 530 School District Property Tax 8 14,546 14,877 15,285 15,700 16,195 16,730 17,315 Homesteads Only 9 7 Hits: 16 |
Economic_and_Revenue_Update_2020.pdfTobacco Taxes ................................................................................. 16 Lottery Sales and Net Revenues ............................................................................................................ 17 Gaming Expansion Revenues .................................................................................................................. 18 State and Local Tax Burden Comparison ........................................................................................... 19 Property Tax Data ....................................................................................................................................... 20 Natural Gas Production and Spot Prices ............................................................................................ 21 Natural Gas Price Trends ($/mmbtu) ................................................................................................... 22 SERS and PSERS Employer Estimates (October 2019) Redevelopment Assistance Capital Program (October 2019) Tax Incentive Expansion (December 2019) Special Education Survey (November 2019, unpublished) Property Tax Homestead Exclusion and PIT (March 2019) School District Property Tax Forecast (March 2019) Property Tax Replacement Estimates (May 2019 Hits: 16 |
Official_Revenue_Estimate_Methodology_2021.pdfof Disposable Cash Income | Page 4 Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table Hits: 15 |
Like-Kind_Exchange_Analysis.pdfthe firm sells the vehicle, declares the gain and purchases the new vehicle. In practice, direct exchanges of like-kind property between firms are complicated and unusual. Most exchanges, especially exchanges of real estate, are facilitated by a third party or Department used the following example. 8 In a typical three-party exchange, Firm A would like to exchange a rental property for the rental property of Firm B. Firm B does not want Firm A's rental property, but would like Hits: 15 |
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdfin the cost of the plan; 3. Benefit improvements, such as multiplier increases, that are actuarially valued before adoption and properly funded upon adoption; 4. Cost of living adjustments (COLAs) that are granted responsibly, for example through an ad hoc COLA consideration of changing plan custodians. - 80 - Plan officials should monitor custodial account statements to make sure all state aid is properly deposited into eligible pension plans to fund authorized pension plan costs. In closing, I want to commend the Public Employee Hits: 15 |
2002_dbdc_report.pdfRetirement Boards as trustees for the DC plan members, the Retirement Boards 3 Investment advice consists of recommendations pertaining to property value; investment information consists of mere information that is general in nature. Thus, providing a list of investment vehicles and 384 S.E. 2d 816 (W.Va. 1988) (failure of the Board to file suit to force the Legislature to properly fund the pension plan constituted a breach of fiduciary duties). This in turn raises practical and public policy issues under Hits: 15 |
State_Tax_Comparison_2023_02.pdftax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. For this analysis, the term “tax burden” equals the ratio of tax revenues to state S. Census Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with Hits: 14 |
Official_Revenue_Estimate_Methodology_2022.pdfof Disposable Cash Income | Page 4 Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table Hits: 14 |
Official-Revenue-Estimate-Methodology-2020-6.pdfCash Income | Page 4 Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table 1. Federal Hits: 14 |
Official-Revenue-Estimate-Methodology-2019-06.pdf2020 (4.1 percent). Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table 1. Federal Hits: 14 |
Response-Letter-08-16-2019.pdfletter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed property tax rebate for homeowners in certain age and income ranges. The specified age and income ranges are as follows: 65,000; and Homeowner age 65 or older with household income less than $70,000. The proposal provides a property tax rebate of up to $5,000 to eligible homeowners based on age and income, not to exceed actual school Hits: 13 |
Presentation-2019-3-1-EPLC.pdf2018 gains from TCJA, strong labor market Revenues and Expenditures: one-time measures dominate State and Local Revenues: property tax, impact fee March 1, 2019 2 Budget Outlook Highlights Revenues: exceeding estimate for FY 2018-19. Sales tax revenues PA U.S. Difference Personal Income 2.66% 2.44% 0.22% Sales-Use 1.97% 2.61% -0.64% Property 2.94% 3.20% -0.26% All Other 2.81% 2.19% 0.61% Total Taxes 10.37% 10.44% Hits: 13 |
PBB_2022_PHMC_REPORT.pdfState Archives and Records Center ………………Store and preserve historically significant documents 2 Historical Sites and Museums ……………………Operate and preserve historic properties 3 The State Museum …………………………………Exhibit artifacts related to Pennsylvania heritage 4 Historic Preservation ………………………………Administer the historic preservation program 5 Administration programs in part- nership with the National Park Service (NPS). As of June 2021, NPS documented 3,508 historic Pennsylvania properties listed in the National Register of Historic Places (3.7% of the U.S. total), the fourth largest number behind Hits: 13 |
Official_Revenue_Estimate_Methodology_2024_06.pdf4 billion in 2025 (4.1%). Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table Hits: 13 |
Official_Revenue_Estimate_Methodology_2023_06.pdf6 billion in 2024 (3.5%). Cash Income does not reflect mandatory taxes that must be remitted on income and property. Those taxes include federal, state and local income taxes; state and local property taxes; motor license fees and em- ployee payroll taxes. Historical and projected taxes are listed at the bottom of Table Hits: 13 |
State_Tax_Comparison_2022_01.pdftax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. For this analysis, the term “tax burden” equals the ratio of tax revenues to state S. Census Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with Hits: 12 |
State_Tax_Comparison_2020_11.pdfacross states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. For this analysis, the term “tax burden” equals the ratio of tax revenues to state personal income Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with few, specified Hits: 12 |
State-Tax-Comparison-2020-01.pdfacross states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. For this analysis, the term “tax burden” equals the ratio of tax revenues to state personal income Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with few, specified Hits: 12 |
Presentation_2017_02_10_EPLC.pdf980 Revenue Adjustment (Jan.) -250 -334 n.a. Updated Balance (Jan.) -774 -2,080 Note: figures in dollar millions. School Property Tax Projections 21 10.Feb.2017 Estimates through FY 2021-22 issued January 9, 2017 FY14-15 School District Revenues 10.Feb.2017 22 Source Amount Percent Property Tax $12,285 44.5% Earned Income $1,476 5.4% Other Local Sources $2,126 7.7% Act 1 Hits: 12 |
State_Tax_Comparison_2024_02.pdfrevenues across states and (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property). For tabulations of state and local tax revenues, the U.S. Census Bureau includes net lottery profits with non-tax S. Census Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with Hits: 11 |
SR2017-03.pdftax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. For this analysis, the term “tax burden” equals the ratio of tax revenues to state S. Census Bureau’s documentation guide, corporate license fees include: franchise license taxes, organization, filing and entrance fees, taxes on property (measured by amount of corporate stock, debt or other basis besides assessed value of property), and other licenses applicable with Hits: 11 |
Senate_Appropriations_Committee_Response_Letter_2024.pdfstate of residence on tax burden, the table on the next page displays the computed personal income tax (PIT) and property tax liabilities for three “prototype” retiree homeowner households in Pennsylvania, New York and New Jersey and the resulting state average effective tax rate for each household. It is noted that due to complexities and specific homeowner circumstances, the property tax computations do not reflect various property tax relief programs across the three states. Those programs could materially reduce property Hits: 11 |
Response-Letter-09-12-2019.pdfyour request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed expansion of the Property Tax Rent Rebate (PTRR) program for certain homeowners. Currently, the PTRR program provides base rebates of $250 to $650 to homeowners who (1) have household incomes below $30,000 and (2) pay at least 15 percent of that income in property taxes. 1 Homeowners in the cities of Pittsburgh, Philadelphia and Scranton in this income range receive the supplemental rebate regardless Hits: 11 |
IFO_Hearing_Packet_Feb2018.pdf22 Decomposition of Employer Rates 23 Change in Employer Contributions 24 Funded Ratios for PSERS and SERS 25 Miscellaneous Materials Property Tax Projections 26 State Minimum Wage Levels 27 State Corporate Tax Rates and Other Attributes 28 PBB and Tax Credit and Analyses (since January 1, 2017) Impact Fee Update (January 2017, July 2017, January 2018) Updated School District Property Tax Forecast (January 2017) Analysis of Recent Collective Bargaining Agreements (January 2017) Quarterly Revenue Review (January 2017, May Hits: 11 |
Act_1_Index_Update_Nov_2023.pdflabor and excludes the impact of employment shifts across occupations and industries. The annual growth in current-year school district property taxes typically does not match the statewide base index. This is due to the net impact of three factors: (1 districts fully utilize their individual index. 5 If a large school district with a relatively high share of statewide school property tax revenue has an adjusted index that exceeds the base index, then that would increase the gap between statewide revenue Hits: 11 |
TC_2023_Waterfront_Development.pdfdevelopment projects. Alabama, Maryland and New Jersey offer tax credits for contributions to certain nonprofit economic development organizations, but waterfront properties are not targeted. This analysis examined available program data and other relevant factors to assess the effectiveness of the WDTC Credit (WDTC) was created by Act 84 of 2016 and is available to approved business firms that contribute cash or property to a qualified organization to fund an approved waterfront development project. The credit is equal to 75% of the total Hits: 10 |
QRE_FY14-15.pdf4 242.6 Gross Receipts 13.2 14.0 1,226.8 16.3 1,270.3 Utility Property 2.3 0.3 0.4 37.0 40.0 Insurance Premiums 2.1 0.8 401.7 38.4 443.0 Fund 30.0 million Gaming Control Board 1 8.0 million Alternative Fuels Fund 6.2 million Manville Property Damage Settlement Account 2.4 million 1 The transfer is to be made from amounts available to the board for local law Hits: 10 |
ACN_SB1071_A10803_text.pdfor both, which is payable under this part. "Domestic relations order." Any judgment, decree or order, including approval of a property settlement agreement, entered on or after the effective date of this definition by a court of competent jurisdiction pursuant to a domestic relations law which relates to the marital property rights of the spouse or former spouse of a member or participant, including the right to receive all or a Hits: 10 |
MQRE_FY22_23_August.pdf758 4,892 Gross Receipts 3 4 7 5 5 10 2 15 984 4 2 5 1,045 Utility Property 0 1 1 0 0 0 0 0 0 8 30 0 40 Insurance Premiums 15 1 0 0 0 3 million. Market Sourcing and Economic Nexus (Act 53) The act provides consistency between the sourcing of tangible and intangible property for CNIT and rein- forces the 2019 Corporation Tax Bulletin issued by the Department of Revenue by (1) sourcing certain Hits: 9 |
Act_25_Letter_Feb_2022.pdfThis letter responds to your request that the Independent Fiscal Office (IFO) provide updated estimates for the reduction in school property taxes due to the implementation of Act 25 of 2011. The request also included an estimate of the impact on residential property and business property taxpayers. This analysis provides a high-level estimate of the potential impact on taxpayers from Act 25 Hits: 9 |
PSBA_January_19_2022.pdfOther Duties and Releases ▪ Monthly releases: revenue collections, economic update ▪ Pensions: determine if actuarial note required prior to further consideration ▪ Property tax: forecasts and analysis depending on requests/data available ▪ Performance Based Budgets (PBB) and Tax Credit reviews ▪ Natural Gas: quarterly in December Philadelphia CPI-U All Items Durable Goods cars, furniture ~10% of CPI +6.6% +19.0% School District Property Tax Forecast January 19, 2022 5 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Hits: 8 |
Presentation-2018-06-PASBO.pdfAppropriations includes projected supplementals. Source: FY 2018-19 Executive Budget. Updated amount is an IFO estimate. June.05.2018 11 Property Tax June.05.2018 12 Revenue update Homestead rebate analysis Recent proposal for elimination Property Tax Discussion June.05.2018 13 PDE released AFR revenue data last month June.05.2018 FY 2016-17 Collections Hits: 8 |
PBB_2020_DCED_REPORT.pdfcurrently in use. In some instances, there may be, or previously have been, environmental contamination issues with the property. Resources 14-15 Actual 15-16 Actual 16-17 Actual 17-18 Actual 18-19 Actual 19-20 Budget Expenditures by Object Awards by the Commonwealth Financing Authority (CFA) Local Infrastructure | Page 23 County Benchmarks Total ($M) Per Capita Population Property Taxes 2 Jobs Top 15 Counties Allegheny $85.0 $14 0.0% 2.4% 0.5% Philadelphia 42.6 5 0.5 Hits: 8 |
IFO_Response_Letter_April_5_2023.pdfBrown: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates for a proposed two-tier property tax rebate for senior homeowners (age 65 and over) in certain income ranges. The specified income ranges and rebate amounts total amount of rebates that would be distributed to those homeowners, (3) the average rebate amount and (4) the average property tax paid for each group. 1 The estimated rebate amounts are $1.56 billion for the first tier and $720 Hits: 8 |
IFO_Response_Letter_April_12_2022.pdfyou for your March 2, 2022 letter that asks the Independent Fiscal Office (IFO) to provide updated estimates for potential property tax replacement revenues. This analysis uses the same data sources and methodologies used to provide previous estimates. The updated tables are as follows. Table 1 provides the latest IFO baseline for school district property taxes. This baseline was released by the office in November 2021. The IFO estimates that 58% of statewide property taxes Hits: 8 |
IFO_PASBO_Presentation_Nov_2021.pdfEconomic Outlook And Property Tax Update Pennsylvania Association of School Business Officials November 16, 2021 Two Parts Overview of IFO Five-Year Economic and Budget Outlook ▪ Will workers return? ▪ Does inflation decelerate? ▪ Do budget surpluses last? Property Tax Update ▪ No look at COVID-19 impact on SD collections yet ▪ Some data suggest decline not as bad as Hits: 8 |
House_Maj_Policy_Comm_Aug_30_2021.pdfProperty Tax Update House Majority Policy Committee Matthew Knittel, Director Independent Fiscal Office August 30, 2021 School District Property Tax Forecast August 30, 2021 1 Actual Estimate Forecast 2019-20 2020-21 2021-22 2022-23 2023-24 2024- Hits: 8 |
Economic_and_Revenue_Update_2021.pdfRevenues ................................................................................. 11 General Fund Revenue Projections ......................................................................... 12 General Fund Financial Statement Comparison ........................................................ 13 General Fund Education Expenditures .................................................................... 14 School District Property Tax ................................................................................... 15 Impact Fee and Natural Gas Trends ....................................................................... 16 State and Local Tax Burden: Average Tax Rate and Rank ........................................ 17 13,243 $13,748 $14,378 $14,437 $16,221 $12,103 Independent Fiscal Office 15 March 2021 School District Property Tax 17-18 18-19 19-20 20-21 All School Property Tax 1 $14,579 $15,014 $15,400 Hits: 8 |
2007_divestment_complete_report.pdfSudan, including by acquiring, developing, maintaining, owning, 6 selling, possessing, leasing or operating equipment, facilities, 7 personnel, products, services, personal property, real property 8 or any other apparatus of business or commerce. 9 "Company." A sole proprietorship, organization, association, 10 corporation, partnership, joint Hits: 8 |
Presentation-2018-08-PA-State-Association-Boroughs.pdfSpending patterns. Service sector jobs. Slower growth. Housing pressures. Transition to local unit trends. Earned income tax and property tax. Focus on wage growth. August.08.2018 2 Good Morning & Today’s Presentation Established in 2011. Non-partisan Share of State Taxes Paid by Age 65+ (2017) Personal Income 15% to 18% Sales and Use 20% to 26% Property 30% to 35% Notes: Sales tax figures include amounts passed through from business. Property tax figures represent all property taxes Hits: 7 |
PBB_2020_DEP_Report.pdfProgram oversees the regulation of approximately 3,400 dams and reservoirs throughout Penn- sylvania to protect residents and property downstream of low, significant and high hazard dams. High hazard dams are defined by the Association of State Dam Safety Officials (ASDSO s residents and environment will be protected from encroachments that could degrade water quality and endanger lives and property. This activity is partially funded by Chapter 105 permit fees. These fees include dam fees and water ob- struction and encroachment fees Hits: 7 |
Senate_Appropriations_Committee_Response_Letter_2022.pdfaverage rate of 2.4% per annum. March 16, 2022 Page 2 Senator Fontana requested an estimate of school district property taxes paid by seniors. In FY 2019-20, statewide school district property taxes totaled $15.32 billion. Based on data published by the U.S. Census Bureau’s American Community Survey (ACS Hits: 6 |
Official-Revenue-Estimate-2020-06.pdfwill be unable to remit monthly payments and more homeowners will have difficulty making monthly mortgage or periodic property tax payments. An increase in business failures, renter evic- tions or homeowner foreclosures would further reduce long-term economic growth. Economic Metrics 8 2,811 -17.3 -647 Gross Receipts 1,211 -3.1 1,116 -10.7 -95 Utility Property 37 2.8 38 4.2 1 Insurance Premiums 461 3.7 456 2.6 -5 Financial Institutions 383 0.9 397 Hits: 6 |
MQRE-FY19-20-Aug.pdfGross Receipts 4 5 6 8 3 11 5 5 1,141 6 2 15 1,211 Utility Property 0 0 1 0 0 0 0 0 0 17 18 0 37 Insurance Premiums 1 1 0 0 1 1 32 Tax Parent to Child Transfers (Act 13) The act establishes a zero percent tax rate for transfers of property from a parent to a child age 21 or younger. This change applies to dates of death after December 31, 2019. Prior Hits: 6 |
Five_Year_Outlook_2023.pdfcapital stock and foreign franchise tax. Profits, Wealth and Capital Income includes CNIT, non-withheld PIT, inheritance, financial institutions, utility property and minor and repealed taxes. Consumer includes SUT, GRT, cigarette, other tobacco products, malt beverage, liquor, RTT and gaming taxes annually until the rate reaches 4.99% for TY 2031 and (2) expanded the CNIT base by sourcing certain intangible property to where the benefit is received, and codifying Corporation Tax Bulletin 2019-04 related to nexus. These changes reduce CNIT Hits: 6 |
TC_2023_Manufacturing.pdfor chemical transformation of material, substances or components into new products that are creations of new items of tangible personal property for sale. Annual taxable payroll is the total amount of wages paid by an employer from which Pennsylvania personal income New Jobs Tax Credit offers incentives to manufacturers, aircraft maintenance facilities and web search portal companies that invest in depreciable property or create new jobs. The credit is equal to 1% of the cost of the depreciable property purchased or $500 Hits: 5 |
TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdftargeted industry, sales from other operations transacted within the KIZ, grants, licensing fees from the applicant’s intellectual property and cash awards from business competitions or incubator programs that appear on an applicant’s tax return. Gross revenues exclude rents, sales investors. Revenues for multi-location or out-of-state firms are apportioned to the KIZ based on a property and payroll factor. 6 This section contains an overview of the goals and purpose of the KIZ Tax Credit. It then discusses Hits: 5 |
Single-Use Plastics Report-2020_06.pdfIFO in June 2016. He is the primary analyst responsible for all reports and analyses related to local property taxes and natural gas. Other responsibilities include forecasting revenues for gross receipts and inheritance taxes and performance-based budgeting for agencies such because both may have indirect economic consequences. For ex- ample, litter reduction could reduce urban blight and improve property values. Local and state government agencies could realize savings (or incur costs) due to new regulations. Municipal savings could free up resources Hits: 5 |
Response-Letter-09-12-2019-Part-2.pdfto a previous letter transmitted by the office regarding estimates of the funds necessary for a proposed expansion of the Property Tax Rent Rebate (PTRR) program for certain homeowners. 1 Your updated request specified certain parameters of the proposal that are between $35,000 and $50,000. Expand the supplemental rebates given to senior homeowners who meet certain income and property tax burden requirements. Specifically, the proposal would increase the household income limit for a supplemental rebate from $30,000 to Hits: 5 |
PBB_2023_PID_REPORT.pdfrates have grown at a slower pace in recent years, but PID does not currently track aggregated rate increases for Property and Casualty or Life insurance policy reviews. The 1332 Waiver Program lowered rates by a combined $260 million in 2021 Insurance Regulation and Oversight Fund. 17-18 18-19 19-20 20-21 21-22 22-23 Rate increases provided Property and Casualty Accident and Health 4.1% 3.4% 4.5% 3.5% 3.2% 3.8% Life 1332 Waiver Hits: 5 |
PBB_2022_PDE_REPORT_Amended.pdf3 1.1 Keystone Recreation Park & Cons. Fund 20.7 18.6 21.6 24.5 17.7 21.5 Property Tax Relief Fund 620.1 611.0 619.5 620.5 621.0 621.3 Community College Capital Fund 49 38 -- 470 COVID Funds 5,153 -- 1 50 -- 49 5,253 All Other 207 14 176 31 19 62 508 Property Tax Relief Fund 621 -- -- -- -- -- 621 Other Funds -- 1 1 70 -- 9 81 Total 16,893 1,865 2,119 1 Hits: 5 |
PBB_2020_PEMA_REPORT.pdfall hazards that affect the citizens of Pennsylvania. Primarily the plan calls for the protection of life and property both prior to and in the event of natural and other disasters. The agency, through the Office of the State Fire Commissioner may include private citizens, political subdivisions, state agencies and certain private non-profits to repair or restore damaged property. The bureau also plans, organizes, and directs statewide initiatives and programs to mitigate damage that may be caused by future disasters. Additionally Hits: 5 |
MTR-2018-09.pdfNon-tax collections were above estimate ($34.1 million) for September, primarily due to lower than expected escheat payments to property owners. These payments were impacted by delayed processing and lower overall claims for property. To the extent that payments to holders were delayed, they are expected to rebound in October. Although FYTD General Fund Hits: 5 |
Initial-Revenue-Estimate-2018-05.pdf7 2,896 5.3 -176 Gross Receipts 1,241 0.9 1,152 -6.3 -89 Utility Property 42 4.3 42 4.3 0 Insurance Premiums 412 -5.0 449 3.5 37 Financial Institutions 322 -0.2 367 896 5.3 3,163 9.2 Gross Receipts 1,152 -6.3 1,235 7.1 Utility Property 42 4.3 42 -0.5 Insurance Premiums 449 3.5 428 -4.7 Financial Institutions 367 13.6 366 -0.2 Hits: 5 |
IFO_Hearing_Packet_Feb2019.pdfNet Income Tax Rate Reduction (April 2018) Tax Cut and Jobs Act Update (August 2018) IFO News Stand (select months) • Property Tax School District Property Tax Forecast (January 2018) Fiscal Impact of School Property Tax Rebates (March 2018) Property Tax Update (August 2018) All reports Hits: 5 |
Budget_Hearing_Background-Feb2014.pdfToll Revenue Projections: CY 2013 to CY 2024 • Uncapping the Film Production Tax Credit: A Fiscal and Economic Analysis • School Property Taxes Paid by Homesteads • An Analysis of Michigan Property Tax Reform • Analysis of Proposal to Replace School Property Taxes: House Bill 76 and Senate Bill 76 • Analysis of School Hits: 5 |
2006_surviving_spouse_healthcare_study.pdfhas paid or is liable, to include expenses for physical examinations andmaterials used to obtain evidence. In no case shall property damages or compensation for pain and suffering be included. “Victim” shall mean a person against whom a crime has been Products, Inc.,from and againstany and all damages incurred by PermaGrain Products, Inc., related topersonalinjury or property damage, resulting from radioactive contamination arising exclusivelyfrom perform- ance by the Commonwealth or its contractors ofthe characterization, reme- diation, decontamination and removal of radioactive Hits: 5 |
ReleasesJune 20, 2024 and the statutory changes that were enacted with the FY 2024-25 state budget. Full Report 2022 Property Tax Burden by County August 21, 2024 | Property Tax This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and Hits: 5 |
TC_2021_Resource_Enhancement_and_Protection.pdfTax Credit application with appropriate verifications. 11 9 If the BMP will not be maintained due to the sale of property, termination of agricultural operations/projects, weather or other factors outside the applicant’s control, then the recipient may be permitted farms declined at an average rate of 2.6 percent per annum from 2012 to 2017, the large number of properties in this category presents challenges with regard to the implementation of agricultural practices, as small farms are less likely to Hits: 4 |
Tax_Modernization_Mar_2024.pdfcommissions, tips 2. Interest 3. Net Profits: Business or Profession Sole props, partnerships, S corps 4. Net Gain: Sales of Property Stocks, real estate, tangible/intangible property 5. Net Gain: Rent, Royalty, Patents, Copyright 6. Dividends Stocks and mutual fund distributions 7. Gambling and Lottery All forms Hits: 4 |
Tax-Foundation-Presentation-11-14-2019.pdfNOLs Room for improvement in treatment of capital investment High Corporate Net Income Tax (CNIT) rate Regular property assessments not required LOCAL Local earned income tax base differs from state income tax base Localities rely on Business Tax Climate Index. PENNSYLVANIA HAS ONE OF THE HIGHEST CORPORATE INCOME TAX RATES IN THE U.S. PENNSYLVANIA’S PROPERTY TAX ADMINISTRATION IS OVERLY COMPLEX No central property tax administration No regular assessments required PENNSYLVANIA’S LOCAL INCOME Hits: 4 |
SR2013-07-section-4-data.xlsxFigure 4.1 Index Values for Figure 4.1 Fiscal Personal Sales School Regional Nominal Year Income and Use Property CPI GSP 1993-94 1.00 1.00 1.00 1.00 1.00 1994-95 1.04 1.08 prior to any transfers. FY 2010-11 adjusted to remove the impact of a change in payment methods. 3 School Property Tax index includes delinquent taxes. FY 2012-13 is an estimate. 4 Regional CPI is the PA-DE-NJ-MD Hits: 4 |
Revenue_Estimate_2022_06.pdf14.9 5,303 19.9 1,537 Gross Receipts 1,047 5.8 1,028 3.8 -19 Utility Property 41 1.0 40 -1.3 -1 Insurance Premiums 432 -4.4 494 9.3 62 Financial Institutions 435 2 Income 5,303 19.9 4,982 -6.1 Gross Receipts 1,028 3.8 1,045 1.6 Utility Property 40 -1.3 40 1.5 Insurance Premiums 494 9.3 484 -2.0 Financial Institutions 451 6.6 461 Hits: 4 |
Revenue_Estimate_2022_05.pdf14.9 5,057 14.3 1,291 Gross Receipts 1,047 5.8 1,030 4.0 -17 Utility Property 41 1.0 40 -1.3 -1 Insurance Premiums 432 -4.4 480 6.3 48 Financial Institutions 435 2 Income 5,057 14.3 4,611 -8.8 Gross Receipts 1,030 4.0 1,045 1.5 Utility Property 40 -1.3 40 1.5 Insurance Premiums 480 6.3 473 -1.5 Financial Institutions 453 7.2 463 Hits: 4 |
Revenue-Estimate-2019-05.pdf8 3,393 17.9 318 Gross Receipts 1,213 5.5 1,225 6.5 12 Utility Property 35 2.9 35 2.9 0 Insurance Premiums 426 -5.6 446 -1.0 20 Financial Institutions 363 -2.3 386 393 17.9 3,512 3.5 Gross Receipts 1,225 6.5 1,225 0.1 Utility Property 35 2.9 36 2.9 Insurance Premiums 446 -1.0 468 4.8 Financial Institutions 386 3.8 390 1.1 Hits: 4 |
RB_2023_08_PTRR_Expansion.pdfThe Property Tax/Rent Rebate (PTRR) program provides property tax relief to Pennsylvania’s elderly, widows, widowers and permanently disabled citizens in the form of rebates. Under program parameters Hits: 4 |
Presentation_PICPA_9-24-2013.pdfDifference $0 $39 fiscal years, millions of dollars 24 . Sept . 2013 22 Some Recent/Upcoming Releases An Analysis of Michigan Property Tax Reform. o Released last week. HB 76 and SB 76: To be Released Soon. Five-Year Outlook Report – November o Demographics, Economics, Expenditures, Revenues. o Special Reports. o Last Year: Pensions and Affordable Care Act. 24 . Sept . 2013 23 Property Tax Reform Last year, IFO analyzes HB and SB 1776. o Finds $1.5 to $2.0 billion annual revenue Hits: 4 |
Pitt_Chamber_Presentation.pdfdue to reliance on severance tax Index penalizes progressivity and stability; significant weight on income tax, much less on property COST: total effective business tax rate (TEBTR) (not shown) TEBTR: total taxes paid by business / private gross domestic product February 2018). 5 2018 State Business Tax Climate Index Ranks (Tax Foundation) Overall Corp Inc Indiv Inc Sales Unemp Ins Property Alabama 35 22 22 49 11 12 Alaska 3 26 1 5 25 38 Arizona 21 13 18 47 15 Hits: 4 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfpersonnel 4 Keystone State ChalleNGe Academy………………………………………………………………………………………………. Manage residential high school for at-risk youth 5 Facilities Maintenance…………………………………………………………………………………………………………. Maintain and update property for use by DMVA 6 Administration…………………………………………………………………………………………………………. Provide organizational leadership and support DMVA: Activities and Primary Services Provided Veterans Homes | Page PA Army National Guard 2 45% 50% 53% 53% 53% 53% Emergency work order completion rate 3,4 -- -- -- 89% 92% -- % Properties inspected 3,5 -- 20% 23% 20% 21% -- Annual energy costs ($ millions) 6 -- -- $6.0 $5.8 $5.2 -- % DMVA's Hits: 4 |
PBB_2020_DOS_REPORT.pdfballots that are rejected. 4 Process applications for appointment from notary public candidates to ensure that all properly completed notary applications are processed within three business days of receipt. Resources 4 Provisional ballots are used by citizens who show up provisional ballots could indicate processing errors to voter registration rolls or voter confusion on where or how to properly register to vote. Absentee ballots are used when a voter cannot make it to the polling location on election day. 14-15 Hits: 4 |
Official-Revenue-Estimate-2019-06.pdf8 3,381 17.4 306 Gross Receipts 1,213 5.5 1,249 8.6 36 Utility Property 35 2.9 36 7.3 1 Insurance Premiums 426 -5.6 443 -1.7 17 Financial Institutions 363 -2.3 385 381 17.4 3,472 2.7 Gross Receipts 1,249 8.6 1,214 -2.8 Utility Property 36 7.3 37 2.8 Insurance Premiums 443 -1.7 467 5.3 Financial Institutions 385 3.8 387 0.5 Hits: 4 |
Official-Revenue-Estimate-2018-06.pdf7 2,840 3.2 -232 Gross Receipts 1,241 0.9 1,154 -6.2 -87 Utility Property 42 4.3 34 -15.6 -8 Insurance Premiums 412 -5.0 456 5.3 44 Financial Institutions 322 -0.2 366 840 3.2 3,082 8.5 Gross Receipts 1,154 -6.2 1,213 5.1 Utility Property 34 -15.6 35 2.7 Insurance Premiums 456 5.3 428 -6.2 Financial Institutions 366 13.4 365 -0.3 Hits: 4 |
MTR-2018-10.pdfmillion. Escheats collections for the month were impacted by lower than expected escheats payments and higher than anticipated claims by property owners. FYTD non-tax collections are below estimate by $35.5 million as a result of historically low escheat payments HPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized Hits: 4 |
Five_Year_Outlook_2019.pdfthe IFO found that residents age 65 and older remit roughly 29 to 32 percent of all homeowner property taxes, 13 to 16 percent of state personal income tax and 19 to 22 percent of state sales tax. See “Senior Spending Realty transfer tax revenues reflect both the number of sales and sales price of residential and business properties. Recent growth rates have slowed considerably from the pace earlier this dec- ade. 2013 2014 2015 2016 2017 2018 2019 FHFA Home Hits: 4 |
2013-08 Monthly Economic Summary.pdfU.S. econo- my. Excludes inflation. 1 Note: The GDP series was revised to include intangible assets (e.g., intellectual property). Personal Income The year-over-year growth rate of U.S. personal in- come. Includes wages, interest, dividends, rents, pen- and definitional changes. Defini- tional changes include the accrual treatment of pension plans and the capitalization of certain in- tellectual property such as research and develop- ment, entertainment, literary and artistic originals. Capitalization implies that costs are deducted over many years Hits: 4 |
TC_2022_Coal_Refuse_Energy_and_Reclamation.pdfin service prior to July 2016 and consist of one or more units that generate electricity located on the same property. Additionally, the facility must (1) combust qualified coal refuse or fuel composed of at least 75% qualified coal refuse, (2 assigned priority categories as defined by OSMRE: Priority 1 and Priority 2 piles represent danger to health, safety and property and include con- cerns such as hazardous or explosive gases and industrial waste. Of the roughly 400 sites re- claimed Hits: 3 |
SUT Exemption for Aircraft - January 2013.pdfSUT when the aircraft is directly engaged as a common carrier for the purpose of transporting people or property. To qualify for the Pennsylvania common carrier exemption, an FAA air carrier operating certificate must be on file with the Pennsylvania Department The table assumes those charges would be itemized separately. 3/ Exempts aircraft used primarily to transport persons or property, for hire and by the purchaser to transport tangible property for business purposes. 4/ Exempts aircraft with fractional share ownership. 5/ Exempts Hits: 3 |
Summary_Tax_Credit_Reviews_Oct_2023.pdfof QRE. Benefits Projects motivated by the credit provide many positive spillover effects that are difficult to quantify: (1) improved property values and the “halo effect”, (2) development waves and clustering, (3) more affordable rental units, (4) environmental benefits and (5 for each $100,000 invested at the site. New York provides multiple credits that are available to offset redevelopment costs, property taxes and environmental insurance premiums. Economic Impact ▪ Tax Credits Awarded $4.3 million ▪ Net Tax Revenue Impact +$4.1 million Hits: 3 |
SR2014-03-presentation.pdfmake policy recommendations. 16.Dec.2014 2 Independent Fiscal Office Scope and assumptions. Potential consolidation savings and costs. • Administrative savings, property tax relief, state funding, salary standardization and debt service. Calculation of real estate tax millage. • Implications for taxpayers. 16.Dec 13.90 million $20.85 million Consolidated district would have received $16.9 million from state tax on slots for property tax relief (down from $17.7 million). Countywide avg. = $167 (varies by district). Consolidated district amount = $159 (all). $8 Hits: 3 |
Special-Funds-Response-Letter-03-08-2019.pdfPark & Cons. 250,921 Corrections - Criminal Justice Manufacturing Fund 104,616 Drug and Alcohol Substance Abuse Education 8,300 Education Property Tax Relief 766,200 State School Fund 0 Environmental Protection Coal Lands Improvement 175 Conservation District 8,701 Environmental Education 20,541 12,865 15,362 60,000 Difference -3,466 -3,885 -4,653 5,348 85 -42,846 Property Tax Relief Fund Receipts 754,335 757,107 751,842 757,890 753,039 752,200 Disbursements 783,100 783 Hits: 3 |
Revenue_Proposal_Analysis_2022_04.pdfreturns. Adopt Market-Based Sourcing for Intangibles: The proposal adopts rules most reflective of the market for sourcing of intangible property (e.g., copyrights, trademarks), similar to the rules previously adopted for tax years 2014 and later in regard to the and Security Fund. This transfer will reduce FY 2022-23 PIT withholding revenues by $45 million. Gaming Taxes Transfer to Property Tax Relief Fund The administration’s proposal eliminates the requirement that table games taxes be deposited into the Property Tax Hits: 3 |
Revenue_Estimate_2024_06.pdf699 -7.2 5,654 -8.0 -45 Gross Receipts 1,194 1.1 1,390 17.7 196 Utility Property 46 0.3 44 -3.6 -2 Insurance Premiums 499 -4.3 542 3.9 43 Financial Institutions 345 -5 Income 5,654 -8.0 5,425 -4.1 Gross Receipts 1,390 17.7 1,230 -11.5 Utility Property 44 -3.6 44 0.0 Insurance Premiums 542 3.9 570 5.0 Financial Institutions 401 9.7 408 Hits: 3 |
Revenue_Estimate_2021_05.pdf775 33.5 4,304 52.2 529 Gross Receipts 1,002 -9.3 1,002 -9.3 0 Utility Property 38 1.0 40 6.0 2 Insurance Premiums 424 -10.4 443 -6.4 19 Financial Institutions 382 -2 Income 4,304 52.2 3,707 -13.9 Gross Receipts 1,002 -9.3 1,061 5.9 Utility Property 40 6.0 41 1.2 Insurance Premiums 443 -6.4 447 0.9 Financial Institutions 413 5.1 431 Hits: 3 |
Revenue-Estimate-2024-05.pdf699 -7.2 5,569 -9.3 -130 Gross Receipts 1,194 1.1 1,388 17.5 194 Utility Property 46 0.3 46 0.3 0 Insurance Premiums 499 -4.3 539 3.3 40 Financial Institutions 345 -5 Income 5,569 -9.3 5,490 -1.4 Gross Receipts 1,388 17.5 1,222 -11.9 Utility Property 46 0.3 46 0.0 Insurance Premiums 539 3.3 558 3.5 Financial Institutions 394 7.6 408 Hits: 3 |
Revenue-Estimate-2020-05.pdfwill be unable to remit monthly payments and more homeowners will have difficulty making monthly mortgage or periodic property tax payments. An increase in business failures, renter evic- tions or homeowner foreclosures would further reduce long-term economic growth. Overall, the 8 2,698 -20.6 -760 Gross Receipts 1,211 -3.1 1,122 -10.3 -89 Utility Property 37 2.8 38 3.9 1 Insurance Premiums 461 3.7 458 3.1 -3 Financial Institutions 383 0.9 399 Hits: 3 |
QRR_2014Q2.pdf4 million for the quarter. Fiscal year-to-date revenues of $168 million include a transfer from the Property Tax Relief Fund. This annual transfer in support of the Property Tax Rent Rebate Program typically occurs in July. The transfer is required by Special Session Act 1 of 2006. Table 3 Lottery Hits: 3 |
QRR_2013Q4.pdf1 million for the quarter. Fiscal year-to-date revenues of $167 million include a transfer from the Property Tax Relief Fund. This annual transfer in support of the Property Tax Rent Rebate Program typically occurs in July. The transfer is required by Special Session Act 1 of 2006. Table 3 Lottery Hits: 3 |
QRR_2013Q3.pdfgrowth of 1.1 percent outpaced the estimate. Miscellaneous revenues of $168 million include a transfer from the Property Tax Relief Fund. This annual transfer in support of the Property Tax Rent Rebate Program typically occurs in July. The transfer is required by Special Session Act 1 of 2006. Table 3 Lottery Hits: 3 |
Public Employee Retirement Laws of PA Local Governments (2009).pdfservices, theft by failure to make required disposition of funds received, forgery, tampering with records or identification, misapplication of entrusted property and property of government or financial institutions, bribery in official and political matters, threats and other improper influence in official and political Hits: 3 |
PBB_2023_DCNR_REPORT.pdfvarious other reimbursements to the Bureau of Forestry. ▪ Estimated fire damage includes costs related to timber, recreation infrastructure, watershed, real property and personal property. ▪ Prescribed fires (controlled burns) are conducted by DCNR employees, mainly for habitat improvement. The decline in 2020 was due to Hits: 3 |
PBB_2019_Criminal_Justice_Report.pdfincluding all surrounding states), Pennsylvania does not impose a statewide cap. 4 Percent of state inmates convicted of property or drug offenses. In 2014, approximately 34.0 percent of Pennsylvania state inmates were serving sentences related to drug or property crimes. The average for the 39 states reporting data to the National Corrections Reporting Program was 36.4 percent, ranging from a Hits: 3 |
PASBO_March_17_2021.pdfProjecting the Components of the Act 1 Index Pennsylvania Association of School Business Officials March 17, 2021 Statewide School Property Tax Growth Rates 2 -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 All School Property Tax Act 1 Base Index Note: Includes Current and Interim, Act 1 Allocations and delinquent taxes. Source: School District Property Hits: 3 |
NFIB_Presentation.pdfbudget outlook. ◦ New revenue package: borrowing, transfers and gaming. ◦ FYTD Revenues: hitting estimate through November. Looking forward: federal tax reform, property tax reform and General Fund challenges. Dec.13.2017 5 PA Demographics: Large Retirement Wave Age Cohort Number Residents (000s Impact of federal tax reform. ◦ 100% expensing (bonus depreciation). Will PA decouple? ◦ How will pass through entities be treated? Possible property tax reform. ◦ IFO recently issued several letters and analyses. ◦ Replacement revenues if SD property tax is eliminated. Future challenges to Hits: 3 |
MTR-2019-06.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2019-05.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2019-04.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2019-03.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2019-02.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2019-01.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-12.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-11.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-08.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-07.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-06.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2018-05.pdfHPI is a weighted, repeat-sales index; it measures average price changes in repeat sales or refinancing on the same properties. These data are obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and Hits: 3 |
MTR-2017-10.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-09.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-08.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-07.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-06.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-05.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-04.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-03.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-02.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2017-01.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-12.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-11.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-10.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-09.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-08.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-06.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-05.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-04.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-03.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-02.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2016-01.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2015-11.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2015-10.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2015-09.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2015-08.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MTR-2015-07.pdfinflationary gains. Source: U.S. Bureau of Economic Analysis. 10. The annual growth rate of sales of existing single-family properties, townhomes and condominiums. (PA data contain some new properties.) Sources: National Association of Realtors and PA Association of Realtors. 11. The annual growth rate of an index that measures Hits: 3 |
MQRE_FY20_21_Revised_Feb.pdf500 3,775 Gross Receipts 1 3 4 3 1 4 4 5 962 5 2 9 1,002 Utility Property 0 1 1 0 0 0 0 0 0 12 23 0 38 Insurance Premiums 0 1 1 0 0 provisions (e.g., some with no or minimal revenue impact) may have been omitted. Personal Income Tax Transfer to the Property Tax Relief Fund The act provides for a transfer of up to $200 million from personal income tax (PIT) to Hits: 3 |
June_Revenue_Estimate_2021.pdf3,775 33.5 4,412 56.1 637 Gross Receipts 1,002 -9.3 990 -10.4 -12 Utility Property 38 1.0 40 6.0 2 Insurance Premiums 424 -10.4 443 -6.5 19 Financial Institutions 382 -2 Net Income 4,412 56.1 3,810 -13.6 Gross Receipts 990 -10.4 1,048 5.8 Utility Property 40 6.0 41 1.2 Insurance Premiums 443 -6.5 438 -1.0 Financial Institutions 419 6.5 439 Hits: 3 |
Five_Year_Outlook_2022.pdfannually until the rate reaches 4.99% for TY 2031 and (2) expanded the CNIT base by sourcing certain intangible property to where the benefit is received, and codifying Cor- poration Tax Bulletin 2019-04 related to nexus. These changes reduce 23-24 24-25 25-26 26-27 27-28 Accelerated Deposits $1 $0 $0 $0 $0 $0 $0 Utility Property 39 40 41 41 42 42 42 Insurance Premiums 482 453 499 500 506 517 527 Financial Institutions 449 444 Hits: 3 |
Five_Year_Outlook_2021.pdfa result of COVID- related extended tax due dates and were reduced by a transfer of $200 million to the Property Tax Relief Fund. Ad- justing for these one-time events, growth rates are as follows: FY 2020-21 (6.9% 22-23 23-24 24-25 25-26 26-27 Accelerated Deposits $5 $0 $0 $0 $0 $0 $0 Utility Property 40 41 42 42 43 44 44 Insurance Premiums 452 461 484 523 528 536 543 Financial Institutions 423 441 Hits: 3 |
Five_Year_Outlook_2020.pdfincreased tax liabilities related to PPP loan forgiveness (+$100 million) and a one-time transfer of $200 million to the Property Tax Relief Fund (PTRF). In response to the COVID-19 pandemic, consumer purchases shifted abruptly from brick and mor- 21-22 22-23 23-24 24-25 25-26 Accelerated Deposits $4 $0 $0 $0 $0 $0 $0 Utility Property 38 38 39 39 39 40 40 Insurance Premiums 474 424 456 464 468 503 508 Financial Institutions 393 382 Hits: 3 |
CNIT-Rate-Cut-2018-04.pdfonly apportionment factor may not provide a good approximation of total firm profits attributable to corporate activity within a state. Property and payroll factors, although no longer used, may provide a better representation. The bottom portion of Table 5 provides the U.S. residents or retirement plans. 18 Hence, there is less leakage. Sales-factor only apportionment disregards Pennsylvania payroll and property. Firms determine their state tax base using the share of firmwide sales that occur in the state, and current or Hits: 3 |
2018_Mid-Year_Update.pdftabulations for PA for tax year 2015. SALT is the state and local tax deduction for income (or sales) and property taxes. For PA, roughly 14% of taxpayers with AGI of $40,000 claimed an itemized SALT deduction. For AGI of tabulations for PA for tax year 2015. SALT is the state and local tax deduction for income (or sales) and property taxes. For PA, roughly 14% of taxpayers with AGI of $40,000 claimed an itemized SALT deduction. For AGI of Hits: 3 |
2004_srpvffinal.pdffunding. More than one source of funding may apply. State Fire Insurance Tax - A state tax is levied on fire, property and casualty insurance premiums sold in the subject state. State Contributions - Funding for the plan is provided through appropriations from Sources. In 7 of the 15 plans surveyed, the primary source of funding was a dedicated state tax on fire, property and casualty insurance premiums sold within the state, which was supplemented by local government contributions and various other funding sources Hits: 3 |
TC_2022_Educational_Tax_Credits.pdfare composed of owners or employees of other business firms. 4 A contribution may take the form of cash, personal property or services. 5 Under current guidelines, qualified students may have maximum household income of $96,676 plus $17,017 per funds for other purposes or to increase compensation for staff that remain. Over longer periods, it is also possible that property taxes might increase at a slower rate than the counterfactual scenario without the tax credit. For students that switch schools Hits: 2 |
RTR-2014-07.pdf30 million from the Volunteer Companies Loan Fund, $8 million from the State Gaming Fund, $2 million from the Manville Property Damage Settlement Account, and $6 million from the Alternative Fuels Incentive Fund. Change in General Fund Tax Revenues (compared to 3% 35.6% -2.4% Gross Receipts 8.4 192.4% 8.4 192.4% 420.2% 0.1% Utility Property 0.0 709.5% 0.0 709.5% -57.4% -15.6% Insurance Premiums 0.3 -114.7% 0.3 Hits: 2 |
Revenue_Estimate_Performance_Dec_2017.pdf1 and 2, final columns.) While corporate net income tax (CNIT), personal income tax (PIT) and escheats (unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenues exceeded estimate, sales and use tax to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million of additional Hits: 2 |
Revenue_Estimate_2023_06.pdf8.1 6,198 16.4 1,306 Gross Receipts 1,045 2.2 1,180 15.4 135 Utility Property 40 2.0 46 15.4 6 Insurance Premiums 475 -1.4 521 8.1 46 Financial Institutions 444 -1 Net Income6,198 16.4 5,710 -7.9 Gross Receipts 1,180 15.4 1,194 1.1 Utility Property 46 15.4 46 1.1 Insurance Premiums 521 8.1 505 -3.0 Financial Institutions366 -18.4 370 1 Hits: 2 |
Revenue-Proposal-Analysis-2019-03.pdfemployment effects dominate the positive incentive effects of higher wages for youth to avoid illegal activities (i.e., property crimes). 43 The study concludes by noting that minimum wages as high as $15.00 per hour “lead 40 Commonwealth of Pennsylvania data only reflect a return to state prison, and not rearrest or prosecution. Their results apply only to property and drug crimes, not violent crimes. 43 Braun, C. “Crime and the Minimum Wage,” University of California Santa Clara (October 2017). Minimum Hits: 2 |
Revenue-Estimate-Performance_2022_10.pdfwas $635 million, or 2.1% of actual General Fund revenues. The CNIT ($328 million) and escheats ($242 million, unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenue sources comprised the majority was attributable to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million Hits: 2 |
Revenue-Estimate-Performance-2021-09.pdfwas $635 million, or 2.1% of actual General Fund revenues. The CNIT ($328 million) and escheats ($242 million, unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenue sources comprised the majority was attributable to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million Hits: 2 |
Revenue-Estimate-Performance-2020-09.pdfor 2.1 percent of actual General Fund revenues. The CNIT ($328 million) and escheats ($242 million, unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenue sources comprised the majority of the to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million of additional Hits: 2 |
Revenue-Estimate-Performance-2019-07.pdfor 2.1 percent of actual General Fund revenues. The CNIT ($328 million) and escheats ($242 million, unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenue sources comprised the majority of the to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million of additional Hits: 2 |
Revenue-Estimate-Performance-2018-07.pdfor 2.1 percent of actual General Fund revenues. The CNIT ($328 million) and escheats ($242 million, unclaimed property that is remitted to the Commonwealth, such as abandoned bank accounts, included in non-tax) revenue sources comprised the majority of the to the underestimation of the revenue impact from a statutory change that reduced the holding period for unclaimed property (mainly financial accounts) from five to three years. The IFO had assumed that the policy change would yield $150 million of additional Hits: 2 |
Revenue-Estimate-2023-05.pdf8.1 5,918 11.2 1,026 Gross Receipts 1,045 2.2 1,185 15.9 140 Utility Property 40 2.0 46 15.4 6 Insurance Premiums 475 -1.4 511 6.0 36 Financial Institutions 444 -1 Income 5,918 11.2 5,578 -5.8 Gross Receipts 1,185 15.9 1,200 1.3 Utility Property 46 15.4 46 1.1 Insurance Premiums 511 6.0 533 4.3 Financial Institutions 365 -18.8 374 Hits: 2 |
Response-Letter-09-06-2019.pdfthe Independent Fiscal Office (IFO) on August 16, 2019. 1 The new request provides a proposed rebate for school district property taxes paid up to $5,000 for homeowners age 65 or older with household incomes of $60,000 or less billion for 2017 and grow to $1.09 billion by 2019. As before, senior homeowner rebates used for the current Property Tax Rent Rebate Program could be deducted from that gross amount to derive a net cost (roughly $970 million). Based Hits: 2 |
QRR_2015Q3.pdftaxes. • Non-tax revenues exceeded estimate by $38 million, primarily due to larger-than- expected remittances for unclaimed property. Quarterly receipts were lower than the prior year due to the absence of the one- time transfers that occurred in July 2014 2 2.6 Gross Receipts 17.2 15.0 2.2 17.2 15.0 2.2 Utility Property 2.7 2.3 0.4 2.7 2.3 0.4 Insurance Premiums 2.0 1.2 0.8 2.0 Hits: 2 |
QRR_2015Q2.pdfthe collection of the $50 million licensing fee. • A statutory change to reduce the holding period for unclaimed property from five years to three years was originally estimated to increase annual revenues by $150 million. Actual collections exceeded estimates by $242 0 Gross Receipts 23.8 16.3 7.5 1,261.8 1,270.3 -8.5 Utility Property 36.1 37.0 -0.9 38.2 40.0 -1.8 Insurance Premiums 59.7 38.4 21.3 454.3 Hits: 2 |
Public_Data-General_Fund.xlsxTaxes Total Other Taxes Total Nontax Revenue | Corporate Tax Clearing Account Corporate Net Income Capital Stock & Franchise Gross Receipts Utility Property Insurance Premiums Financial Institutions | Sales and Use - Total Sales and Use - Nonmotor Sales and Use - Motor Vehicle Cigarette Other Tobacco Taxes Total Other Taxes Total Nontax Revenue | Corporate Tax Clearing Account Corporate Net Income Capital Stock & Franchise Gross Receipts Utility Property Insurance Premiums Financial Institutions | Sales and Use - Total Sales and Use - Nonmotor Sales and Use - Motor Vehicle Cigarette Other Tobacco Hits: 2 |
Presentation_PA_Bus_Council_6-22-15.pdfproducts. 22.Jun.2015 6 Executive Budget: Revenue Raisers 2015-16 2016-17 2017-18 2018-19 2019-20 School Property Tax Relief $0 -$2,732 -$2,732 -$2,732 -$2,732 Philadelphia Tax Relief 1 0 -452 -452 -452 -452 280 -4,152 -4,435 -4,580 -4,624 Dollar amounts are in millions. 1 Includes cigarette, sales, wage and property tax relief. 2 Provides up to a $500 rent rebate for qualified households with income below $50,000. 3 CNIT Hits: 2 |
PICPA_Presentation.pdfMD OH PA VA Personal Income 1 21 3 18 19 13 Sales-Use 22 39 42 16 40 44 Property 7 2 27 26 20 21 All Taxes 1 7 9 20 21 38 Note: excludes severance taxes. Source: U PA U.S. Difference Personal Income 2.69% 2.47% +0.22% Sales-Use 1.96% 2.62% -0.66% Property 2.96% 3.16% -0.20% All Other 2.83% 2.18% +0.65% All Taxes 10.44% 10.43% Hits: 2 |
PBB_Board_Hearing_Jan_10_2023.pdf1 4 111 7 Total 1,210.0 100 1,628 100 Note: Includes all expenditures in $ millions. PTRR is property tax and rent rebate. FTEs Expenditures DOR General Fund Appropriations (FY 22-23) January 10, 2023 3 Appropriations Tax Admin Integrates all taxes in a single tax system ▪ Objectives: Increased system functionality and efficiencies; reduced error rates ▪ Ability to file Property Tax and Rent Rebate (PTRR) claims electronically began for claim year 2020 (estimated 17% electronic filing in claim year 2021 Hits: 2 |
PBB_2023_EO_REPORT.pdfimplement the annual state budget, track agency spending, manage Commonwealth debt and administer RACP. The expected outcomes are expenditures aligned properly with the enacted budget, adequate cashflow for Commonwealth operations, efficient management of debt and the funding of priority local redevelopment enforces civil rights laws that prohibit discrimination. PHRC investigates reports of unlawful discrimination in five distinct categories: public accommodations, commercial property, education, employment and housing. The Commission also leverages federal funding through the investigation of discrimination complaints reported to the U Hits: 2 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdfmillion. This program funds local safety projects based on a benefit-cost analysis relative to reductions in fatalities, injuries and property damage. At the program level, PennDOT estimates that 99 fatalities have been eliminated as a result of HSIP safety projects assistance and (3) administers the Real Estate Tax Reimbursement Program (RETRP) which allows airport owners to receive rebates on local property taxes for qualified aviation use, funded by aviation fuel reve- nues. The bureau also oversees the department’s unmanned aircraft Hits: 2 |
MRU_2023_05.pdfand repealed (-$21.8 million, an expected May transfer was received in April), realty transfer (-$19.3 million) and utility property (-$12.1 million, a larger share of payments were received in April) tax revenues. FYTD other tax revenues are $6 0 17.7 Gross Receipts (3.2) (0.5) 1,177.4 1,019.5 -563.6 15.5 Utility Property 18.0 30.9 45.5 39.5 -41.6 15.3 Insurance Premium 2.8 0.7 960.3 Hits: 2 |
MRU_2020_11.pdfexpected personal income tax (PIT) withholding collections. Withholding collections in November were reduced by a $200 million transfer to the Property Tax Relief Fund (PTRF) under Act 114 of 2020 (which was not included in the IFO’s Official Estimate). General 8 0.5 31.7 Gross Receipts 0.6 11.7 11.6 28.1 -94.9 -58.8 Utility Property 0.1 0.0 2.1 1.9 n.a. 11.7 Insurance Premium 0.1 0.2 1.4 Hits: 2 |
MRU-2022-05.pdfestimate by $24.7 million (6.4%). The result was driven by realty transfer (+$12.5 million, 22.0%), utility property (+$8.2 million, 36.0%) and gaming (+$7.0 million, 33.9%) collections. The overage was partially offset by a 14.1 17.3 Gross Receipts (0.5) (2.7) 1,019.5 987.7 82.0 3.2 Utility Property 30.9 28.0 39.5 40.0 10.4 -1.3 Insurance Premium 0.7 1.3 491.5 Hits: 2 |
MQRE_FY24-25_08_2024.pdf5,396 Gross Receipts 3 7 10 6 5 6 5 23 1,152 5 3 5 1,229 Utility Property 0 0 2 0 0 0 0 0 0 24 17 0 44 Insurance Premiums 0 1 1 6 1 596 7,590 6 Corporate Net Income 5,396 5,355 41 Gross Receipts 1,229 1,321 -92 Utility Property 44 45 0 Insurance Premiums 560 539 21 Financial Institutions 366 331 36 Total Consumption Taxes 15,837 15,771 Hits: 2 |
MQRE_FY23-24_08_2023.pdf5,710 Gross Receipts 3 5 10 6 7 7 4 29 1,110 5 2 5 1,194 Utility Property 0 0 1 0 0 0 0 0 0 21 24 0 46 Insurance Premiums 1 2 2 1 1 826 7,901 -75 Corporate Net Income 5,710 5,651 59 Gross Receipts 1,194 1,307 -113 Utility Property 46 46 0 Insurance Premiums 505 539 -33 Financial Institutions 370 358 12 Total Consumption Taxes 15,552 15,488 Hits: 2 |
MQRE-FY20-21-Aug.pdf188 Gross Receipts 3 4 6 7 2 10 4 4 947 6 3 11 1,005 Utility Property 0 0 1 0 0 0 0 0 1 7 29 0 38 Insurance Premiums 1 1 0 0 1 1 31 3 Table 4 FY 2020-21 Lottery Fund Quarterly Estimates 1 In response to the COVID-19 pandemic, Property Tax/Rent Rebate payments (and the Gaming Fund transfers that support those payments) that would have been disbursed in FY 2020-21 Hits: 2 |
MER-2014-11.pdfhome sales in Pennsylvania. The data, reported by the Pennsylvania Association of Realtors (PAR), represent completed sales of single‐family properties, townhomes and condominiums in a calendar quarter. PAR gathers these data from its af Ðiliates throughout the state. Until recently that are somewhat higher. Third, the number of mortgages in foreclosure has fallen in recent quarters. This suggests that many properties with subprime loans made pre‐recession may have already gone through the foreclosure pro‐ cess and been resold. CoreLogic, a Hits: 2 |
ITEP-Presentation-11-14-2019.pdfSimplicity/transparency: avoids public antagonism Competitiveness: don’t stick out. Pennsylvania state and local taxes are regressive. Consumption and Property Taxes Drive Tax Regressivity General Sales Taxes — 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3 0.35% 0.40% 0.45% Low 20% 2nd 20% Mid 20% 4th 20% Nxt 15% Next 4% Top 1% Property Taxes — 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Low 20% 2nd 20% Mid Hits: 2 |
IFO_Hearing_8-30-2017.pdfand Budget Outlook (November 2016) • Natural Gas Production Report Quarter 3 (November 2016) • Impact Fee Estimate (January 2017) • School District Property Tax Forecast (January 2017) • Analysis of Recent Collective Bargaining Agreements (January 2017) • Quarterly Revenue Review (January 2017) • Mid-Year Update Philadelphia Cigarette and Beverage Tax Impact (March 2017) • Analysis of Revenue Proposals in the 2017-18 Executive Budget (April 2017) • Property Tax Elimination Projection (April 2017) • Initial Revenue Estimate FY 2017-18 (May 2017) • Quarterly Revenue Review (May 2017) • Natural Gas Hits: 2 |
Budget Hearings Packet.pdfand Budget Outlook (November 2016) • Natural Gas Production Report Quarter 3 (November 2016) • Impact Fee Estimate (January 2017) • School District Property Tax Forecast (January 2017) • Analysis of Recent Collective Bargaining Agreements (January 2017) • Quarterly Revenue Review (January 2017) • Mid-Year Update Local Taxes 10.40% 10.50% General Sales Tax 1.96% 2.64% Personal Income Tax 2.69% 2.49% Property Tax 2.96% 3.18% Corporate Net Income Tax 0.51% 0.43% Gaming-Liquor-Tobacco Taxes 0.66% 0 Hits: 2 |
Budget Hearings Packet- Web Version.pdfand Budget Outlook (November 2016) • Natural Gas Production Report Quarter 3 (November 2016) • Impact Fee Estimate (January 2017) • School District Property Tax Forecast (January 2017) • Analysis of Recent Collective Bargaining Agreements (January 2017) • Quarterly Revenue Review (January 2017) • Mid-Year Update Local Taxes 10.40% 10.50% General Sales Tax 1.96% 2.64% Personal Income Tax 2.69% 2.49% Property Tax 2.96% 3.18% Corporate Net Income Tax 0.51% 0.43% Gaming-Liquor-Tobacco Taxes 0.66% 0 Hits: 2 |
About IFOthe gross receipts and inheritance taxes. Other responsibilities include working on projects related to natural gas, energy and school district property taxes. Robyn Toth Fiscal Analyst/Communications Ms. Toth joined the IFO in 2017 and her primary responsibilities include forecasting revenues and reporting on the state and local tax burden. Other responsibilities include working on projects related to natural gas and property taxes and projecting several department expenditures. Joseph Shockey Fiscal Analyst II Mr. Shockey joined the IFO in 2018 and his Hits: 2 |
TC_2022_Brewers.pdfinto service during the prior calendar year. 3 Qualifying capital expenditures include those for plant, machinery or equipment (includes tangible property such as pipes, wiring and tanks) that are capitalized and used in the manufac- turing or sale of malt and Hits: 1 |
TC_2021_Neighborhood_Assistance_Program.pdfthat any long-term economic impacts from these tax credits, such as access to higher- paying employment opportunities or enhanced property values, could not be quantified. Assessment of the West Virginia Neighborhood Investment Program (2014) For FY 2013-14, an independent Hits: 1 |
TC_2021_Entertainment_Economic_Enhancement_Program.pdfinclude employee compensation, transportation costs, food and lodging. 4 Allowable concert venues may include a stadium, arena, other structure or property owned by a municipality at which concerts are performed. Venues are classified according to the following criteria: (1) a Class Hits: 1 |
TC_2020_Research and Development Tax Credit.pdfshould receive training, be licensed and be required to report suspicious activity. Local KIZ coordinators should be properly trained and required to make unscheduled site visits. Verify applications through in-person interviews, photographic submissions, receipts and other fi- nancial Hits: 1 |
TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdfCertain states also offer miscellaneous broadband related incentives, such as sales tax (e.g., Mississippi and Wyoming) and property tax (e.g., Iowa and Kansas) exemptions. 4 “Public Investment in Broadband Infrastructure: Lessons from the U.S. and Abroad,” Scott Wallsten Hits: 1 |
TC_2019_Film_Production_Tax_Credit_Report.pdftotal state tax recouped per dollar of tax incentive. Some studies also include a local tax (e.g., property tax) ROI, but most do not, and those impacts tend to be much smaller than the state ROI. For pure state government Hits: 1 |
TCJA-Update-August-2018.pdfmillion filers reported a state and local income tax deduction ($11.3 billion) and the same number reported a local property tax deduction ($8.2 billion). Nearly all filers that claim one of those deductions will claim both. The majority of Hits: 1 |
RTR-May 2012.pdf5% 1,244.9 5.4% 0.6% 122.2% 56.4% 184.3% 1,323.1 8.5% Utility Property 19.2 -5.1% 26.2 -18.5% 2061.2% 48.8% -12.0% -15.0% 28.4 -17.7% Hits: 1 |
RTR-Mar 2012.pdf5% 1,175.7 0.6% 122.2% 56.4% 184.3% -7.5% 1,254.3 4.0% Utility Property 1.6 11982.1% 1.6 2061.2% 48.8% -12.0% -15.0% -62.6% 35.9 -10.6% Hits: 1 |
RTR-Jun 2012a.pdf44.4% 105.6 252.7% 0.6% 122.2% 56.4% 184.3% 1,330.0 8.6% Utility Property 0.4 2081.7% 25.0 -22.2% 2061.2% 48.8% -12.0% -15.0% 28.7 -16.6% Hits: 1 |
RTR-Feb 2012.pdf1807.9% 26.4 176.5% 122.2% 56.4% 184.3% -7.5% 1,259.8 -3.1% Utility Property 0.0 11.4% 0.1 0.9% 48.8% -12.0% -15.0% -62.6% 34.3 -14.7% Hits: 1 |
RTR-Apr 2012.pdf7% 1,256.8 7.0% 0.6% 122.2% 56.4% 184.3% 1,332.2 10.2% Utility Property 5.4 -54.3% 7.0 -41.2% 2061.2% 48.8% -12.0% -15.0% 29.4 4.3% Hits: 1 |
RTR-2015-04.pdf2.6% -0.6% Gross Receipts 1.5 -68.6% 1,239.5 -1.3% -1.8% 0.2% Utility Property 8.2 -55.8% 10.3 -50.8% -55.8% -55.1% Insurance Premiums 33.0 -5.4% 427.6 Hits: 1 |
RTR-2015-03.pdf1% 0.7% Gross Receipts 1,195.5 -1.3% 1,238.0 -1.1% -1.8% -0.1% Utility Property 0.0 -31.3% 2.1 -10.7% -51.9% -13.5% Insurance Premiums 353.0 -1.7% 394.6 Hits: 1 |
RTR-2015-02.pdf3% 0.3% -1.2% Gross Receipts 2.5 -45.8% 42.5 6.1% -29.2% -0.2% Utility Property 0.0 -79.1% 2.1 -10.6% 160.2% -13.5% Insurance Premiums 23.3 34.2% 41.6 Hits: 1 |
RTR-2015-01.pdf0% -3.9% -1.2% Gross Receipts 3.7 -55.6% 40.0 12.7% -3.8% 0.0% Utility Property 0.0 n.a. 2.1 -9.8% 856.8% -13.8% Insurance Premiums 14.7 -29.2% 18.3 Hits: 1 |
RTR-2014-12.pdf2% 66.4% -0.6% Gross Receipts 7.0 21.2% 36.4 33.2% 40.7% 0.6% Utility Property 0.1 836.6% 2.1 -10.0% 10.7% -13.9% Insurance Premiums 1.1 190.7% 3.5 Hits: 1 |
RTR-2014-11.pdf9% 81.9% -1.4% Gross Receipts 7.6 52.4% 29.4 36.5% 21.7% 0.2% Utility Property 0.0 469.6% 2.0 -13.2% 11.1% -14.1% Insurance Premiums 0.2 160.4% 2.4 Hits: 1 |
RTR-2014-10.pdf8% 63.0% -1.4% Gross Receipts 5.2 57.2% 21.8 31.6% -2.1% 0.2% Utility Property 0.2 -24.4% 2.0 -13.4% -13.7% -14.2% Insurance Premiums 0.3 -583.8% 2.2 Hits: 1 |
RTR-2014-09.pdf6% 94.6% -1.8% Gross Receipts 4.0 -27.2% 16.6 25.2% 25.2% 0.0% Utility Property 1.5 16.6% 1.8 -12.3% -12.3% -13.8% Insurance Premiums 0.3 -28.1% 1.9 Hits: 1 |
RTR-2014-08.pdf8% 68.5% -2.3% Gross Receipts 4.2 -13.8% 12.5 63.0% 109.0% 0.2% Utility Property 0.3 -62.7% 0.3 -61.6% -8.1% -15.6% Insurance Premiums 1.4 128.1% 1.6 Hits: 1 |
RTR-2014-06.pdf17.0% -3.9% Gross Receipts 16.4 166.3% 1,279.2 -2.1% 83.1% -2.1% Utility Property 0.5 261.6% 37.0 -15.6% -13.7% -15.6% Insurance Premiums (1.2) -143.3% 432.1 Hits: 1 |
RTR-2014-05.pdf2.9% -5.7% Gross Receipts 6.4 -311.5% 1,262.8 -2.9% -1.2% -4.1% Utility Property 15.6 -58.7% 36.5 -16.5% -14.7% -16.9% Insurance Premiums 1.4 -86.0% 433.3 Hits: 1 |
RTR-2014-04.pdf3.2% -4.9% Gross Receipts 4.8 -59.6% 1,256.4 -3.6% -2.0% -4.9% Utility Property 18.6 701.7% 20.9 250.9% 647.7% 130.2% Insurance Premiums 34.9 -17.5% 431.9 Hits: 1 |
RTR-2014-03.pdf4% -8.6% Gross Receipts 1,211.5 -1.4% 1,251.6 -3.1% -1.1% -9.3% Utility Property 0.0 -321.4% 2.3 -36.3% -84.8% 48.4% Insurance Premiums 359.2 0.9% 397.0 Hits: 1 |
RTR-2014-02.pdf9% -6.7% 0.9% Gross Receipts 4.5 4.3% 40.1 -35.3% 1.4% -3.4% Utility Property 0.0 -85.0% 2.3 -36.6% -87.8% 40.7% Insurance Premiums 17.4 55.5% 37.9 Hits: 1 |
RTR-2014-01.pdf5% -12.8% 0.3% Gross Receipts 8.2 77.0% 35.5 -38.3% 18.4% -3.9% Utility Property 0.0 -100.0% 2.3 -34.1% -92.0% 41.9% Insurance Premiums 20.8 -6.6% 20.5 Hits: 1 |
RTR-2013-12.pdf4% -35.3% 0.5% Gross Receipts 5.8 -37.7% 27.3 -48.4% -15.2% -4.0% Utility Property 0.0 -84.9% 2.3 -33.1% 66.2% 42.3% Insurance Premiums 0.4 93.2% (0.4 Hits: 1 |
RTR-2013-11.pdf1% -4.7% 1.3% Gross Receipts 5.0 136.7% 21.5 -50.7% 17.3% -4.0% Utility Property 0.0 -89.3% 2.3 -32.3% -25.4% 42.5% Insurance Premiums 0.1 -64.7% (0.7 Hits: 1 |
RTR-2013-10.pdf5% -19.7% 1.1% Gross Receipts 3.3 -36.6% 16.5 -60.2% -13.0% -4.3% Utility Property 0.2 210.9% 2.3 -32.1% -32.1% 42.6% Insurance Premiums (0.1) -127.6% (0.8 Hits: 1 |
Revenue_Proposal_Analysis_2021_04.pdfsalary income (3.59%) ▪ Net profits of businesses (4.06%) ▪ Interest and dividends (3.55%) ▪ Capital gains or sales of property (4.27%) The effective tax rates for wage and salary income and interest-dividend income are far below the statutory Hits: 1 |
Revenue_Estimate_2015-06-15_Snapshot.pdffee for a category 2 casino in Philadelphia. The escheats estimate includes payment of additional claims for the return of property delivered to the Commonwealth as a result of a statutory change. General Fund Snapshot ($ millions) Revenue Source FY14-15 1 Hits: 1 |
Revenue_Estimate_2015-05-04_Release.pdfThe upward revision in the estimate is largely because of unexpected revenue from the corporate net income tax and unclaimed property.” FY 2015-16 unrestricted General Fund revenues are projected to be $30.72 billion, an increase of only $170 million Hits: 1 |
Revenue Trends Report - September 2012.pdf6% 26.6% 8.3% Gross Receipts 4.5 -74.8% 36.3 52.0% 52.0% 8.8% Utility Property 2.0 51.0% 3.3 97.6% 97.6% -11.3% Insurance Premiums 0.5 45.7% 2.0 Hits: 1 |
Revenue Trends Report - October 2012.pdf8% -36.2% 7.7% Gross Receipts 5.2 -43.3% 41.5 25.6% -46.8% 7.8% Utility Property 0.1 -82.1% 3.4 64.0% 64.5% -12.6% Insurance Premiums 0.2 -3.3% 2.2 Hits: 1 |
Revenue Trends Report - November 2012.pdf2% -49.6% 7.5% Gross Receipts 2.1 -31.2% 43.6 20.7% -60.7% 7.6% Utility Property 0.0 175.8% 3.4 64.2% 21.0% -12.5% Insurance Premiums 0.2 110.8% 2.5 Hits: 1 |
Revenue Trends Report - May 2013.pdf4.3% 5.3% Gross Receipts (3.0) 198.3% 1,300.1 -0.6% -0.5% 0.0% Utility Property 37.8 96.3% 43.7 54.2% 52.8% 55.3% Insurance Premiums 9.8 29.3% 444.1 Hits: 1 |
Revenue Trends Report - March 2013.pdf6% 12.6% Gross Receipts 1,229.2 5.8% 1,291.2 5.5% 5.3% 11.4% Utility Property (0.0) -100.2% 3.6 -1.3% -86.0% -20.1% Insurance Premiums 355.8 1.0% 392.0 Hits: 1 |
Revenue Trends Report - June 2013.pdf40.1% 2.9% Gross Receipts 6.2 -72.7% 1,306.3 -1.8% -85.7% -1.8% Utility Property 0.2 -57.5% 43.9 52.8% 60.8% 52.8% Insurance Premiums 2.8 -83.9% 446.9 Hits: 1 |
Revenue Trends Report - July 2013.pdf3% -31.3% 0.6% Gross Receipts 2.9 -88.9% 2.9 -88.9% -87.3% -5.1% Utility Property 0.0 -73.1% 0.0 -73.1% 93.5% 52.8% Insurance Premiums (1.7) -271.2% (1.7 Hits: 1 |
Revenue Trends Report - July 2012.pdf8% 59.7% 9.3% Gross Receipts 25.8 621.0% 25.8 621.0% 73.5% 10.1% Utility Property 0.0 -52.6% 0.0 -52.6% -3.5% -16.5% Insurance Premiums 1.0 197.0% 1.0 Hits: 1 |
Revenue Trends Report - January 2013.pdf9% 25.0% 7.5% Gross Receipts 4.6 57.6% 57.6 11.6% -13.4% 6.9% Utility Property 0.1 138.8% 3.5 64.7% 86.4% -12.4% Insurance Premiums 22.3 34.0% 25.0 Hits: 1 |
Revenue Trends Report - January 2012.pdf218.4% 18.5 72.9% 122.2% 56.4% 184.3% -7.5% 1,249.4 -3.9% Utility Property 0.0 -46.3% 0.1 -29.5% 48.8% -12.0% -15.0% -62.6% 34.3 -14.7% Hits: 1 |
Revenue Trends Report - February 2013.pdf6% 7.2% 6.8% Gross Receipts 4.4 -60.3% 61.9 -1.0% -30.8% 5.5% Utility Property 0.2 692.7% 3.6 71.2% 245.7% -11.9% Insurance Premiums 11.2 -14.8% 36.1 Hits: 1 |
Revenue Trends Report - December 2012.pdf2% -1.0% 7.5% Gross Receipts 9.3 -25.8% 52.9 8.8% -32.9% 7.0% Utility Property 0.1 47.9% 3.4 63.9% -68.4% -12.5% Insurance Premiums 0.2 45.7% 2.7 Hits: 1 |
Revenue Trends Report - August 2013.pdf4% -72.6% 0.3% Gross Receipts 4.8 -19.8% 7.7 -75.8% -74.5% -5.4% Utility Property 0.8 -42.6% 0.8 -42.7% -45.8% 45.9% Insurance Premiums 0.6 9.5% (1.1 Hits: 1 |
Revenue Trends Report - August 2012.pdf9% 132.2% 9.5% Gross Receipts 6.0 132.7% 31.8 416.3% 149.7% 10.3% Utility Property 1.3 269.2% 1.3 262.0% 339.4% -13.3% Insurance Premiums 0.6 -10.7% 1.6 Hits: 1 |
Revenue Trends Report - April 2013.pdf2.6% 3.9% Gross Receipts 12.0 -85.7% 1,303.1 -0.4% -0.9% -0.6% Utility Property 2.3 -57.3% 6.0 -34.7% -64.5% -13.1% Insurance Premiums 42.3 -13.4% 434.3 Hits: 1 |
REU-2020-02.pdf6 -5.9 0.5 Gross Receipts 40.8 5.9 77.8 62.5 598.0 24.5 Utility Property 0.0 0.0 1.9 1.4 -30.1 35.0 Insurance Premiums 9.9 11.3 68.6 Hits: 1 |
REU-2020-01.pdf7 -3.9 0.8 Gross Receipts 3.3 1.4 37.0 56.7 130.5 -34.8 Utility Property 0.0 0.0 1.9 1.4 0.9 35.3 Insurance Premiums 38.8 30.3 58.6 Hits: 1 |
REU-2019-12.pdf0 -5.6 1.1 Gross Receipts 5.6 12.3 33.7 55.2 -54.7 -39.0 Utility Property 0.0 0.2 1.9 1.4 -83.9 35.6 Insurance Premiums 1.0 1.1 19.8 Hits: 1 |
REU-2019-11.pdf1 9.3 4.9 Gross Receipts 11.7 9.8 28.1 43.0 19.7 -34.5 Utility Property 0.0 0.0 1.9 1.2 5.9 51.9 Insurance Premiums 0.2 0.4 18.8 Hits: 1 |
REU-2019-10.pdf1 43.1 4.2 Gross Receipts 3.7 9.3 16.4 33.2 -59.9 -50.5 Utility Property 0.3 0.1 1.9 1.2 414.4 52.0 Insurance Premiums 0.2 0.1 18.6 Hits: 1 |
Response-Letter-9-30-2019.pdffrom the increased tax rate and are not reduced for Department of Revenue administrative costs. Options to Fund School District Property Tax Elimination 5 Retirement income tax of 4.92 percent (3.07 percent state tax and 1.85 percent local Hits: 1 |
RB_2023_06_Jackpot_Lottery.pdfservices for older adults ($353 million), Programs within PennDOT to provide transportation for older adults ($171 million) and Property Tax and Rent Rebate (PTRR) program (includes administration, $244 million). 5 Staff Acknowledgments This research brief was produced by Karen Hits: 1 |
RB-2016-02.pdfFY 2013‐14 FY 2014‐15 Description Keystone Opportunity Zone $87,400 $80,500 Allows speci Ðic areas of deteriorated property to be des‐ ignated as Keystone Opportunity Zones (KOZs), Keystone Opportunity Expansion Zones (KOEZs) and Keystone Op‐ portunity Improvement Zones Hits: 1 |
RB 2019 RACP.pdfPrevailing Wage Act, the Americans with Disabilities Act and meet certain fidelity bond and insurance (workers’ compensation, general liability and property damage, and flood) thresholds. It should be noted that RACP payments are made on an on-going reimbursement basis. Grantees Hits: 1 |
RB 2019 Natural Gas Royalties.pdfroyalties based on the revenues received from the sale of natural gas extracted from wells located on a landowner’s property. Pennsylvania law mandates a minimum royalty rate of 12.5 percent of the market value of the sale. 1 Some Hits: 1 |
QRR_2017Q3.pdf1 550.6 36.5 Gross Receipts 3.4 12.6 -9.2 3.4 12.6 -9.2 Utility Property 1.1 2.2 -1.1 1.1 2.2 -1.1 Insurance Premiums 9.9 2.8 7.1 Hits: 1 |
QRR_2017Q2.pdf1 -193.6 Gross Receipts 24.1 27.1 -3.0 1,230.5 1,259.7 -29.2 Utility Property 37.3 38.1 -0.8 40.2 41.1 -0.9 Insurance Premiums 28.0 47.8 -19.8 Hits: 1 |
QRR_2017Q1.pdf3 Gross Receipts 1,173.9 1,204.3 -30.4 1,206.4 1,232.6 -26.2 Utility Property 0.6 0.4 0.2 2.9 3.0 -0.1 Insurance Premiums 401.1 380.4 20.7 Hits: 1 |
QRR_2016Q4.pdf4 7.4 22.0 Gross Receipts 14.8 13.7 1.1 32.5 28.3 4.2 Utility Property 0.1 0.2 -0.1 2.3 2.6 -0.3 Insurance Premiums 1.0 1.5 -0.5 Hits: 1 |
QRR_2016Q3.pdf1 5.4 12.7 Gross Receipts 17.7 14.6 3.1 17.7 14.6 3.1 Utility Property 2.2 2.4 -0.2 2.2 2.4 -0.2 Insurance Premiums 3.3 1.2 2.1 Hits: 1 |
QRR_2016Q1.pdfReceipts 1,256.1 1,219.2 36.9 1,287.0 1,251.2 35.8 Utility Property 0.1 0.5 -0.4 2.8 3.1 -0.3 Insurance Premiums 409.5 407.8 1.7 415.3 Hits: 1 |
QRR_2015Q4.pdf7 28.5 Gross Receipts 13.7 17.0 -3.3 30.8 32.0 -1.2 Utility Property 0.1 0.3 -0.2 2.7 2.6 0.1 Insurance Premiums 3.9 0.9 3.0 5.8 Hits: 1 |
QRR_2015Q3_preliminary.pdffinancial institution taxes. • Non-tax revenues exceeded estimate by $38 million, primarily due to larger-than-expected remittances for unclaimed property. Quarterly receipts were lower than the prior year due to the absence of the large, one-time transfers that occurred Hits: 1 |
QRR_2015Q1.pdfReceipts 1,201.6 1,226.8 -25.2 1,238.0 1,254.0 -16.0 Utility Property 0.0 0.4 -0.4 2.1 3.0 -0.9 Insurance Premiums 391.1 401.7 -10.6 394.6 Hits: 1 |
QRR_2014Q4.pdf5 -19.3 Gross Receipts 19.8 14.0 5.8 36.4 27.2 9.2 Utility Property 0.2 0.3 -0.1 2.1 2.6 -0.5 Insurance Premiums 1.6 0.8 0.8 3.5 Hits: 1 |
QRE_FY15-16.xlsx8 30.8 106.3 Gross Receipts 15.0 17.0 1,219.2 24.7 1,275.9 Utility Property 2.3 0.3 0.5 36.8 39.9 Insurance Premiums 1.2 0.9 407.8 58.1 Hits: 1 |
QRE_FY15-16.pdf8 30.8 106.3 Gross Receipts 15.0 17.0 1,219.2 24.7 1,275.9 Utility Property 2.3 0.3 0.5 36.8 39.9 Insurance Premiums 1.2 0.9 407.8 58.1 Hits: 1 |
Presentation_PICPA_12-3-2014.pdf14-15 Non-Recurring Revenues Description Amount Transfers from special funds ($95 at risk) $322 Reduce holding period for unclaimed property (escheats) 150 Inheritance tax payment 100 Total 572 22 Note: millions of dollars. 3.Dec.2014 Dollar Change in Revenues Hits: 1 |
Presentation_Phil_Chamber_2-12-2015.pdfMonthly Economic Report. • Monthly Revenue Trends Report. Special Studies (at request of Gen. Assembly): • HB 1776 and SB 76 – Property Tax Reform. • Medicaid Expansion. • Film Tax Credits. • Taxation of Natural Gas in Pennsylvania. • Consolidation of York County School Districts. Other Hits: 1 |
Presentation-2018-10-Performance-Based-Budget-Board.pdf15, 2018 Initial List of Agency Activities 7 General Services 16 activities focusing on procurement, fleet management, surplus property, warehousing, construction, facilities and real estate management, risk management, police services, publications and mail Banking & Securities 5 activities Hits: 1 |
PMTA_Presentation_April_2023.pdfRates April 19, 2023 13 Tax Source % Total Tax State Rank PA Avg Tax Rate U.S. Avg Tax Rate Property 26.3% 27 2.66% 2.87% Personal Income 25.4% 22 2.57% 2.28% Sales and Use 19 Hits: 1 |
platt ppt.pdfContributions for social insurance Plus: Adjustment for residence Equals: Net Earnings (Place of Residence) ▪ Dividends, interest and rent (property income) ▪ Government and business transfers Including Social Security, UI, Medicare/Medicaid, workers’ compensation benefits 6 www.bea.gov Component Hits: 1 |
PBB_Board_Hearing_Sept_28_2021.pdfinduced by the credit ▪ Credit must be the decisive factor in the location decision ▪ Excludes other benefits: positive spillovers, enhanced property tax revenues September 28, 2021 4 Keystone Special Development Zones (KSDZ) Summary of findings based on input from participants ▪ Tax Hits: 1 |
PBB_Board_Hearing_Jan_11_2023.pdfgovernment PID does not track aggregated rate increases for all insurance types ▪ PID reviews and approves rate increase requests for property and casualty and life insurance but does not track aggregate value of rate increases ▪ PID does track rate increases for Hits: 1 |
PBB_Board_Hearing_Apr_26_2021.pdfof former industrial sites Many positive outcomes cannot be easily measured ▪ Social impacts (i.e., positive externalities or spillovers) ▪ Enhanced property values ▪ Health benefits of cleaner environment April 26, 2021 1 Using Economic Metrics to Assess Progress Economic impact analysis has Hits: 1 |
PBB_2022_DLI_REPORT.pdfTax Performance System (TPS) Quality Measure is a pass/fail metric that examines if the tax func- tions are performed properly at the state level. To pass a state must have no more than three tax functions fail within one year Hits: 1 |
PBB_2022_DHS_REPORT_ADDENDUM.pdf100 (21%). A 2017 investiga- tion by the Office of the Inspec- tor General found that the PDA failed to properly monitor re- ports originally classified as no- need by the AAAs. Since that re- view, no-need reports have de- Hits: 1 |
PBB_2022_AGING_REPORT_Addendum.pdfthe AAAs handling of protective services, which includes examination of RONs categorized as “no need” to ensure that they were properly categorized and monitors each AAA to ensure proper procedures were followed. The primary goals and outcomes of this activity are Hits: 1 |
PBB_2021_DHS_REPORT_ADDENDUM.pdffewer place- ments for a child in foster care. A lower num- ber of placements indicates that the child was properly placed in a setting that is a good match for the child’s needs. It should be noted that children Hits: 1 |
PBB_2020_DHS_REPORT_Final_Updated.pdfThe intended outcome is to ensure benefits are issued timely to eligible recip- ients and ongoing eligibility is properly monitored. Resources 14-15 15-16 16-17 17-18 18-19 19-20 Actual Actual Actual Actual Actual Budget Expenditures by Hits: 1 |
NGPR-2016Q4.pdfnatural gas recovered from a well. Regulatory Inactive Designated by the Department of Environmental Protection as inactive, after the operator properly filed for inactive status pursuant to Section 3214 of Act 13 of 2012. Shut-In Temporary suspension of production activity Hits: 1 |
NGPR-2016Q3.pdfnatural gas recovered from a well. Regulatory Inactive Designated by the Department of Environmental Protection as inactive, after the operator properly filed for inactive status pursuant to Section 3214 of Act 13 of 2012. Shut-In Temporary suspension of production activity Hits: 1 |
NGPR-2016Q2.pdfnatural gas recovered from a well. Regulatory Inactive Designated by the Department of Environmental Protection as inactive, after the operator properly filed for inactive status pursuant to Section 3214 of Act 13 of 2012. Shut In Temporary suspension of production activity Hits: 1 |
NGPR-2016Q1.pdfnatural gas recovered from a well. Regulatory Inactive Designated by the Department of Environmental Protection as inactive, after the operator properly filed for inactive status pursuant to Section 3214 of Act 13 of 2012. Shut In Temporary suspension of production activity Hits: 1 |
NGPR-2015-2H.pdfnatural gas recovered from a well. Regulatory Inactive Designated by the Department of Environmental Protection as inactive, after the operator properly filed for inactive status pursuant to Section 3214 of Act 13 of 2012. Shut In Temporary suspension of production activity Hits: 1 |
Newsstand_2018_May.pdfand home sales increased for the sixth consecutive year. These factors produced stronger-than-anticipated revenues for wage, sales, business, property, and real estate transfer taxes. The report also discusses recent social and demographic trends for the city. Pennsylvania 4th Quarter Hits: 1 |
MTR-2019-09.pdf5 -2.1 -0.7 Gross Receipts 4.1 12.5 12.7 23.9 -67.4 -46.8 Utility Property 1.0 1.1 1.6 1.2 -12.4 32.2 Insurance Premiums 0.4 0.2 18.4 Hits: 1 |
MTR-2019-08.pdf1 -14.8 4.9 Gross Receipts 4.4 6.9 8.7 11.4 -37.1 -24.3 Utility Property 0.2 0.1 0.6 0.1 138.7 663.5 Insurance Premiums 0.5 1.0 18.1 Hits: 1 |
MTR-2019-07.pdf7 24.6 24.6 Gross Receipts 4.3 4.5 4.3 4.5 -4.6 -4.6 Utility Property 0.4 0.0 0.4 0.0 n.a. n.a. Insurance Premiums 17.5 20.7 17.5 Hits: 1 |
MTR-2018-1.pdf4 73.7 6.5 Gross Receipts 2.5 10.6 39.8 43.1 -76.7 -7.6 Utility Property 0.0 0.0 1.5 2.3 -80.3 -35.1 Insurance Premiums 31.2 28.6 48.2 Hits: 1 |
MTR-2018-04.pdf5 6.4 Gross Receipts 4.2 3.7 1,140.7 1,210.1 13.8 -5.7 Utility Property 16.6 2.8 18.1 5.7 498.4 218.6 Insurance Premium 38.2 28.2 463.2 Hits: 1 |
MTR-2018-03.pdf1 Gross Receipts 1,093.3 1,159.1 1,136.6 1,206.4 -5.7 -5.8 Utility Property 0.0 0.6 1.5 2.9 -99.8 -48.3 Insurance Premium 367.9 342.5 425.0 Hits: 1 |
MTR-2018-02.pdf7 59.9 8.0 Gross Receipts 3.5 4.3 43.3 47.3 -17.1 -8.5 Utility Property 0.0 0.0 1.5 2.3 -98.5 -35.9 Insurance Premium 8.9 30.0 57.1 Hits: 1 |
MTR-2017-12.pdf8 -0.3 3.1 Gross Receipts 25.4 7.7 37.3 32.5 231.5 14.9 Utility Property 0.2 0.0 1.5 2.3 n.a. -34.9 Insurance Premiums 6.1 1.3 17.0 Hits: 1 |
MTR-2017-11.pdf3 166.1 5.2 Gross Receipts 3.0 (9.7) 11.9 24.8 130.5 -52.1 Utility Property 0.2 0.0 1.3 2.3 1376.7 -42.5 Insurance Premiums 0.6 0.1 10.9 Hits: 1 |
MSC_March_31_2021.pdfexcludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). Property Liquor, Tobacco, Game Total Taxes Minimum Wage Impact: 2019 vs 2022 March 31, 2021 13 Number of Payroll Employees (000s Hits: 1 |
MRU_2024_3.pdf9 Gross Receipts 1,330.9 1,098.8 1,378.5 1,176.8 21.1 17.1 Utility Property 0.0 (0.0) 2.4 3.3 n.a. -27.7 Insurance Premium 795.4 761.1 906.0 Hits: 1 |
MRU_2024_2.pdf0 -32.9 -1.4 Gross Receipts 19.3 39.5 47.6 78.0 -51.1 -39.0 Utility Property 0.0 0.0 2.4 3.3 733.3 -27.9 Insurance Premium 40.1 42.4 110.6 Hits: 1 |
MRU_2024_1.pdf5 26.1 0.9 Gross Receipts 5.9 8.5 28.3 38.4 -30.0 -26.4 Utility Property 0.0 0.0 2.3 3.3 n.a. -29.0 Insurance Premium 61.9 47.6 70.5 Hits: 1 |
MRU_2024_08.pdf6 -14.6 3.7 Gross Receipts 2.3 10.1 0.2 12.2 -77.5 -98.2 Utility Property 1.1 0.6 1.1 0.7 87.0 60.6 Insurance Premium 2.0 0.5 (0.5 Hits: 1 |
MRU_2024_07.pdf9 16.7 16.7 Gross Receipts (2.0) 2.1 (2.0) 2.1 -199.0 -199.0 Utility Property 0.0 0.1 0.0 0.1 -79.6 -79.6 Insurance Premium (2.6) (0.6) (2.6 Hits: 1 |
MRU_2024_06.pdf9 -8.0 Gross Receipts 4.1 3.5 1,389.2 1,181.0 16.1 17.6 Utility Property 0.0 0.4 44.1 46.0 -99.6 -4.2 Insurance Premium (462.6) (438.5) 546.8 Hits: 1 |
MRU_2024_05.pdf3 -7.6 Gross Receipts 4.1 (3.2) 1,385.1 1,177.4 229.5 17.6 Utility Property 16.7 18.0 44.1 45.5 -7.2 -3.3 Insurance Premium 8.1 2.8 1,009 Hits: 1 |
MRU_2024_04.pdf7 -6.8 Gross Receipts 2.5 3.9 1,381.0 1,180.6 -35.8 17.0 Utility Property 24.9 24.2 27.3 27.5 2.9 -0.7 Insurance Premium 95.4 79.9 1,001 Hits: 1 |
MRU_2023_12.pdf7 -11.8 -0.7 Gross Receipts 2.8 5.4 22.3 30.0 -48.1 -25.4 Utility Property 0.0 0.0 2.3 3.3 -98.3 -29.7 Insurance Premium 1.7 0.7 8.6 Hits: 1 |
MRU_2023_11.pdf1 46.2 5.9 Gross Receipts 1.6 5.2 19.5 24.6 -69.0 -20.4 Utility Property 0.1 0.0 2.3 3.3 837.0 -29.5 Insurance Premium 0.6 0.1 6.9 Hits: 1 |
MRU_2023_10.pdf5 22.0 1.2 Gross Receipts 1.1 5.8 17.9 19.4 -81.1 -7.5 Utility Property 0.0 0.4 2.2 3.3 -91.5 -33.5 Insurance Premium 5.5 0.3 6.2 Hits: 1 |
MRU_2023_09.pdf2 -7.6 -1.6 Gross Receipts 4.7 3.6 16.9 13.6 31.5 23.6 Utility Property 1.4 2.7 2.1 2.8 -46.9 -25.0 Insurance Premium 0.9 1.0 0.8 Hits: 1 |
MRU_2023_08.pdf5 27.2 23.4 Gross Receipts 10.1 7.1 12.2 10.1 41.5 20.8 Utility Property 0.6 0.1 0.7 0.1 325.2 405.2 Insurance Premium 0.5 0.6 (0.2 Hits: 1 |
MRU_2023_07.pdf5 20.8 20.8 Gross Receipts 2.1 2.9 2.1 2.9 -29.5 -29.5 Utility Property 0.1 0.0 0.1 0.0 n.a. n.a. Insurance Premium (0.6) 23.9 (0.6 Hits: 1 |
MRU_2023_06.pdf9 15.4 Gross Receipts 3.5 2.9 1,181.0 1,022.4 20.3 15.5 Utility Property 0.4 0.0 46.0 39.5 n.a. 16.4 Insurance Premium (438.5) (9.3) 521.8 Hits: 1 |
MRU_2023_02.pdf6 139.5 15.9 Gross Receipts 39.5 26.0 78.0 61.0 52.2 27.8 Utility Property 0.0 0.0 3.3 2.0 -67.6 67.9 Insurance Premium 42.4 14.0 116.5 Hits: 1 |
MRU_2022_12.pdf5 11.8 12.3 Gross Receipts 5.4 4.2 30.0 32.9 27.4 -9.1 Utility Property 0.0 0.0 3.3 1.9 354.8 69.8 Insurance Premium 0.7 0.2 26.5 Hits: 1 |
MRU_2022_04.pdf31.1 17.7 Gross Receipts 1.4 2.1 1,020.0 990.4 -30.5 3.0 Utility Property 6.7 9.0 8.6 12.0 -25.7 -28.4 Insurance Premium 34.4 28.4 490.9 Hits: 1 |
MRU_2022_03.pdf37.3 15.4 Gross Receipts 957.5 967.7 1,018.5 988.3 -1.1 3.1 Utility Property (0.0) 0.6 1.9 3.1 -102.0 -36.4 Insurance Premium 371.6 365.8 456.5 Hits: 1 |
MRU_2022_02.pdf1 20.6 11.1 Gross Receipts 26.0 2.7 61.0 20.6 863.8 195.8 Utility Property 0.0 0.0 2.0 2.5 -1.1 -21.2 Insurance Premium 14.0 27.1 84.9 Hits: 1 |
MRU_2021_11.pdf4 28.2 7.4 Gross Receipts 1.7 0.6 28.7 11.6 182.7 147.5 Utility Property 0.0 0.1 1.9 2.1 -84.1 -8.7 Insurance Premium 0.4 0.1 20.4 Hits: 1 |
MRU_2021_10.pdf1 30.5 5.0 Gross Receipts 5.5 3.3 27.0 11.0 68.9 145.6 Utility Property 0.4 0.1 1.9 2.0 257.2 -5.8 Insurance Premium 0.4 0.1 20.0 Hits: 1 |
MRU_2021_09.pdf1 45.8 2.3 Gross Receipts 17.1 3.6 21.5 7.7 373.1 177.9 Utility Property 0.6 1.4 1.5 1.9 -57.2 -22.8 Insurance Premium 0.1 0.5 19.6 Hits: 1 |
MRU_2021_08.pdf0 -63.1 -47.1 Gross Receipts 1.8 3.2 4.4 4.1 -44.5 6.0 Utility Property 0.9 0.5 0.9 0.5 76.4 75.0 Insurance Premium 0.4 0.5 19.5 Hits: 1 |
MRU_2021_07.pdf7 -27.6 -27.6 Gross Receipts 2.6 0.9 2.6 0.9 189.4 189.4 Utility Property 0.0 0.0 0.0 0.0 n.a. n.a. Insurance Premium 19.1 0.2 19.1 Hits: 1 |
MRU_2021_05.pdf251.3 52.3 Gross Receipts (2.7) (3.0) 987.7 1,101.6 10.4 -10.3 Utility Property 28.0 28.4 40.0 37.8 -1.6 5.8 Insurance Premium 1.3 1.1 457.9 Hits: 1 |
MRU_2021_04.pdf252.0 42.1 Gross Receipts 2.1 1.1 990.4 1,104.6 97.6 -10.3 Utility Property 9.0 6.9 12.0 9.4 29.8 28.3 Insurance Premium 28.4 28.4 456.6 Hits: 1 |
MRU_2021_03.pdf8 29.0 Gross Receipts 967.7 1,025.7 988.3 1,103.5 -5.7 -10.4 Utility Property 0.6 0.5 3.1 2.5 9.0 24.1 Insurance Premium 365.8 373.9 428.2 Hits: 1 |
MRU_2021_02.pdf9 -14.1 34.8 Gross Receipts 2.7 40.8 20.6 77.8 -93.4 -73.5 Utility Property 0.0 0.0 2.5 1.9 n.a. 28.3 Insurance Premium 27.1 9.9 62.4 Hits: 1 |
MRU_2021_01.pdf3 58.6 37.3 Gross Receipts 2.6 3.3 17.9 37.0 -21.6 -51.5 Utility Property 0.0 0.0 2.5 1.9 1.8 27.8 Insurance Premium 33.7 38.8 35.3 Hits: 1 |
MRU-2023-04.pdf3 21.3 Gross Receipts 3.9 1.4 1,180.6 1,020.0 167.7 15.7 Utility Property 24.2 6.7 27.5 8.6 263.2 219.2 Insurance Premium 79.9 34.4 957.4 Hits: 1 |
MRU-2023-03.pdf17.8 Gross Receipts 1,098.8 957.5 1,176.8 1,018.5 14.8 15.5 Utility Property (0.0) (0.0) 3.3 1.9 98.1 68.9 Insurance Premium 761.1 371.6 877.5 Hits: 1 |
MRU-2023-01.pdf0 2.7 11.7 Gross Receipts 8.5 2.1 38.4 35.1 301.7 9.7 Utility Property 0.0 0.0 3.3 1.9 -97.1 68.9 Insurance Premium 47.6 50.3 74.1 Hits: 1 |
MRU-2022-11.pdf9 -1.6 12.7 Gross Receipts 5.2 1.7 24.6 28.7 206.3 -14.4 Utility Property 0.0 0.0 3.3 1.9 19.8 69.4 Insurance Premium 0.1 0.4 25.9 Hits: 1 |
MRU-2022-10.pdf5 11.7 14.6 Gross Receipts 5.8 5.5 19.4 27.0 4.7 -28.2 Utility Property 0.4 0.4 3.3 1.9 -6.2 69.8 Insurance Premium 0.3 0.4 25.8 Hits: 1 |
MRU-2022-09.pdf6 22.7 15.0 Gross Receipts 3.6 17.1 13.6 21.5 -79.2 -36.6 Utility Property 2.7 0.6 2.8 1.5 346.7 92.5 Insurance Premium 1.0 0.1 25.5 Hits: 1 |
MRU-2022-08.pdf4 -3.8 -9.0 Gross Receipts 7.1 1.8 10.1 4.4 298.2 130.5 Utility Property 0.1 0.9 0.1 0.9 -84.1 -84.2 Insurance Premium 0.6 0.4 24.5 Hits: 1 |
MRU-2022-07.pdf4 -12.2 -12.2 Gross Receipts 2.9 2.6 2.9 2.6 13.9 13.9 Utility Property 0.0 0.0 0.0 0.0 -100.0 -100.0 Insurance Premium 23.9 19.1 23.9 Hits: 1 |
MRU-2022-06.pdf36.3 20.3 Gross Receipts 2.9 2.2 1,022.4 990.0 30.5 3.3 Utility Property 0.0 0.2 39.5 40.2 -100.0 -1.8 Insurance Premium (9.3) (6.1) 482.3 Hits: 1 |
MRU-2022-01.pdf3 11.3 10.8 Gross Receipts 2.1 2.6 35.1 17.9 -17.6 95.4 Utility Property 0.0 0.0 1.9 2.5 -3.9 -21.3 Insurance Premium 50.3 33.7 70.9 Hits: 1 |
MRU-2021-12.pdf3 16.9 10.8 Gross Receipts 4.2 3.8 32.9 15.4 12.3 114.3 Utility Property 0.0 0.3 1.9 2.5 -99.2 -21.4 Insurance Premium 0.2 0.2 20.6 Hits: 1 |
MRU-2021-06.pdf82.8 56.5 Gross Receipts 2.2 2.7 990.0 1,104.3 -16.1 -10.3 Utility Property 0.2 0.0 40.2 37.8 n.a. 6.3 Insurance Premium (6.1) 1.6 451.8 Hits: 1 |
MRU-2020-3.pdf4 Gross Receipts 1,025.7 1,132.7 1,103.5 1,195.2 -9.4 -7.7 Utility Property 0.5 0.0 2.5 1.5 n.a. 69.1 Insurance Premium 373.9 362.1 442.5 Hits: 1 |
MRU-2020-12.pdf3 44.5 36.0 Gross Receipts 3.8 5.6 15.4 33.7 -32.1 -54.4 Utility Property 0.3 0.0 2.5 1.9 n.a. 27.9 Insurance Premium 0.2 1.0 1.6 Hits: 1 |
MRU-2020-10.pdf1 -14.2 36.4 Gross Receipts 3.3 3.7 11.0 16.4 -12.1 -33.1 Utility Property 0.1 0.3 2.0 1.9 -62.7 7.8 Insurance Premium 0.1 0.2 1.3 Hits: 1 |
MRU-2020-09.pdf0 -2.7 45.8 Gross Receipts 3.6 4.1 7.7 12.7 -11.0 -39.2 Utility Property 1.4 1.0 1.9 1.6 46.8 22.8 Insurance Premium 0.5 0.4 1.2 Hits: 1 |
MRU-2020-08.pdf4 353.7 235.0 Gross Receipts 3.2 4.4 4.1 8.7 -25.9 -52.4 Utility Property 0.5 0.2 0.5 0.6 164.2 -16.3 Insurance Premium 0.5 0.5 0.7 Hits: 1 |
MRU-2020-07.pdf1 154.3 154.3 Gross Receipts 0.9 4.3 0.9 4.3 -79.3 -79.3 Utility Property 0.0 0.4 0.0 0.4 -98.3 -98.3 Insurance Premium 0.2 17.5 0.2 Hits: 1 |
MRU-2020-06.pdf0 -16.8 Gross Receipts 2.7 28.8 1,104.3 1,250.1 -90.7 -11.7 Utility Property 0.0 0.2 37.8 36.3 -95.9 4.2 Insurance Premium 1.6 (15.3) 473.6 Hits: 1 |
MRU-2020-05.pdf9 -13.7 Gross Receipts (3.0) 12.7 1,101.6 1,221.3 -123.4 -9.8 Utility Property 28.4 18.5 37.8 36.1 53.7 4.6 Insurance Premium 1.1 1.5 471.9 Hits: 1 |
MRU-2020-04.pdf6 -7.7 Gross Receipts 1.1 13.4 1,104.6 1,208.5 -92.1 -8.6 Utility Property 6.9 16.2 9.4 17.6 -57.2 -46.8 Insurance Premium 28.4 31.0 470.8 Hits: 1 |
MQRE_FY21_22_August.pdf766 Gross Receipts 3 4 6 7 3 5 4 6 997 4 1 8 1,047 Utility Property 0 0 2 0 0 0 0 0 0 15 23 0 41 Insurance Premiums 18 1 0 0 0 1 32 Hits: 1 |
MQRE-FY23-24_Revised_Jan.pdf5,699 Gross Receipts 3 5 10 6 7 7 4 29 1,110 5 2 5 1,194 Utility Property 0 0 1 0 0 0 0 0 0 21 24 0 46 Insurance Premiums 1 2 2 1 1 Hits: 1 |
MQRE-FY18-19-July.pdfGross Receipts 4 6 5 4 5 5 6 6 1,152 5 3 13 1,213 Utility Property 0 0 1 0 0 0 0 0 0 7 26 0 35 Insurance Premiums 1 1 0 0 1 1 30 Hits: 1 |
Monthly_Economic_Update_July_2023.pdfrental income foregone if the home had been rented. By far, the single largest CPI-U component. Excludes maintenance and property taxes. Food At Home (7.6%) Groceries purchased for off-premise consumption. Excludes dining out. Compared to the prior year Hits: 1 |
Monthly_Economic_Update_December_2020.pdfmillion in rent, an average of $4,663 per household. A report from the Mortgage Bankers Association finds that rental property owners lost approximately $9.2 billion in 2020 Q3 revenue from renter households that missed, delayed or made a reduced Hits: 1 |
Monthly_Economic_Update_August_2023.pdfrental income foregone if the home had been rented. By far, the single largest CPI-U component. Excludes maintenance and property taxes. For July 2023, the OER component increased 7.9% from a year ago and 1.0% compared to June Hits: 1 |
MER-2014-03.pdfThe index is a weighted measure of the average price changes in repeat sales or re Ðinancing of the same properties. Percentages in the chart represent year‐over‐year growth rates in the fourth quarter. Author: lmondschein CreationDate: 2014-04-02 Hits: 1 |
Memo-2019-03-Income-and-Property-Tax-Burden-for-Retirees.pdfUnder Age 65 3.02% Age 65+ 1.63% Age 65+ 2.74% Source: Calculations by the IFO. Personal Income Property Table 2 Pennsylvania Tax Burden State Rank Amount Ratio 1 State Rank Amount Ratio 1 New York 1 $56,226 Hits: 1 |
IFO_Retirement_Task_Force_Jan2018_Presentation.pdfApproximate Share of State Taxes Paid by Age 65+ Personal Income 15% to 18% Sales and Use 20% to 24% Property (homeowners) 29% to 34% Note: Working age is age 20 to 64. Sales tax figures assume businesses pass tax to Hits: 1 |
IFO_Response_Letter_May_16_2022.pdfHarrisburg, PA 17120 Dear Representative Ryan: On April 12, 2022, the Independent Fiscal Office (IFO) provided updated estimates for potential property tax replacement revenues proposed under House Bill 13. This letter responds to your April 20 request for additional information related Hits: 1 |
IFO_Hearing_Materials_March_2023.pdfIFO (February 2023). State and Local Tax Burden: Average Tax Rate and Rank Corporate Income Personal Income Sales and Use Property Liquor, Tobacco, Game Total Taxes Independent Fiscal Office 17 March 2023 Corporate Net Income Tax State Comparison Corporate Net Income Hits: 1 |
IFO_Hearing_Materials_Feb_22_2022.pdfIFO (January 2022). State and Local Tax Burden: Average Tax Rate and Rank Corporate Income Personal Income Sales and Use Property Liquor, Tobacco, Game Total Taxes Independent Fiscal Office 14 February 2022 Corporate Net Income Tax State Comparison Corporate Net Income Hits: 1 |
IFO_Hearing_Materials_02_2024.pdfSource: State and Local Tax Revenues: A 50 State Comparison, IFO (February 2024). Corporate Income Personal Income Sales and Use Property Gaming-Liquor-Tobacco Total Taxes Independent Fiscal Office 22 February 2024 Corporate Net Income Tax Comparison Corporate Net Income Tax Hits: 1 |
IFO - Economic and Budget Outlook - January 2012.pdf12. The decline in revenues is generally attributable to the federal provision that allows full expensing of investment for qualified property acquired after September 8, 2010 and before January 1, 2012, and placed in service before January 1, 2012. 12 For Hits: 1 |
House Appropriation Response Letter 2-28-2020.pdfrequested an estimated breakdown of the IFO reviewed wage contracts by department. Please see the attached table. Representative Brown requested property tax burden by county. This project has been undertaken by the IFO as a Research Brief and will be released Hits: 1 |
GPNP July 10, 2012 final.pdfAnalysis Office will be posting regular reports and analysis. Monthly Economic Update (later this month). Legislative Requests: Property Tax Proposals (late September). Interstate comparison of tax structures and tax burdens (later this month). 10.Jul.2012 10 Hits: 1 |
FTA_Student_Loan_Presentation_Oct_2023.pdftaxable items (e.g., dining out, electronics?) ▪ IMPLAN tax allocation (uses same general splits for all industries): for this proposal, property taxes overstated, general sales tax understated October 3, 2023 16 III. Repayments: New IDR Program (SAVE) Complicates Analysis SAVE makes Hits: 1 |
FTA_Presentation_Oct_24_2022.pdfa wide range of issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage October 24, 2022 1 Act 48 Tax Credit Reviews Statute: Did the tax credits Hits: 1 |
EPLC_April_2024.pdfTax credit reviews • Pension analysis | Dynamic modeling | Economic impact • Analyze impact of collective bargaining agreements Special Studies and Legislative Requests • Property tax reform | Natural gas & electricity • State comparisons | Others as requested IFO Role in Budget Process Source: Governor’s Executive Budget Hits: 1 |
Economic_and_Revenue_Update_2020_10.pdf8 3,308 17.0 120 Gross Receipts 1,005 -9.0 1,005 -9.0 0 Utility Property 38 1.0 38 1.0 0 Insurance Premiums 447 -5.6 437 -7.7 -10 Financial Institutions 382 -2.9 372 Hits: 1 |
Demographics_Outlook_2020.pdfthe IFO found that residents age 65 and older remit roughly 29 to 32 percent of all homeowner property taxes, 13 to 16 percent of state personal income tax and 19 to 22 percent of state sales tax. See “Senior Spending Hits: 1 |
CompetePA_March_11_2021.pdfexcludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). Property Liquor, Tobacco, Game Total Taxes Minimum Wage Impact: 2019 vs 2022 March 11, 2021 11 Number of Payroll Employees (000s Hits: 1 |
Budget_Hearing_Testimony-Feb2014.pdfof small games of chance to bars, restaurants and taverns. • Proposed legislative changes to reduce the holding period for unclaimed property or to transfer monies from the Oil and Gas Lease Fund. • Additional slots or table games fees from new casino Hits: 1 |
BEFC_Survey_Results_FINAL.pdfworkers, administrative support, nursing, building security and tuition to career and technology centers. Additionally, in a community with low property values and low average income levels the reducing factor of the Local Effort Capacity Index has negative effect on the distribution Hits: 1 |
ACN_SB1_A01354_A01558_2017_06_03a.pdfservice accrued as of the valuation dates. Actuarial Value of Assets The value of the pension plan investments and other property used for the purpose of an actuarial valuation. Actuaries often se- lect an asset valuation method that smooths the effects Hits: 1 |
2013-10 Monthly Economic Summary.pdfU.S. econo- my. Excludes inflation. 1 Note: The GDP series was revised to include intangible assets (e.g., intellectual property). Personal Income The year-over-year growth rate of U.S. personal in- come. Includes wages, interest, dividends, rents, pen- Hits: 1 |
2013-09 Monthly Economic Summary-FINAL.pdfU.S. econo- my. Excludes inflation. 1 Note: The GDP series was revised to include intangible assets (e.g., intellectual property). Personal Income The year-over-year growth rate of U.S. personal in- come. Includes wages, interest, dividends, rents, pen- Hits: 1 |
2013-07 Monthly Economic Summary.pdfU.S. econo- my. Excludes inflation. 1 Note: The GDP series was revised to include intangible assets (e.g., intellectual property). Personal Income The year-over-year growth rate of U.S. personal in- come. Includes wages, interest, dividends, rents, pen- Hits: 1 |