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Property Tax by County and Income

This 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 Presentation

Director 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 Forecast

This 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

COVID-19 Impact on Local Revenues

In 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 Income

This 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 Presentation

Director 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 Forecast

This 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 States

This 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 Rebate

In 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 Estimates

In 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

property Tax Elimination for Senior Homeowners

In 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 Program

In 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 Program

In 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 Homeowners

In 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 Homeowners

In 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 Estimates

In 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 FORECAST

This 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 PIT

In 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 Retirees

In 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 Presentation

Deputy 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 PROJECTION

In 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 States

This 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 2018

In 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 Discussion

Director 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 Rebates

In 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 Demographics

Deputy 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 States

This 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 Forecast

This 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 Older

In 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 Detail

As 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 Data

In 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 States

This 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 Reform

Throughout 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 Projection

The 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 Outlook

Deputy 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 Elimination

Director 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 Forecast

Letter 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 2015

Letter 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 Estimate

Letter 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 Forecast

Letter 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 Comparison

This 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 older

Letter 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 76

This 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 homesteads

Letter containing projections of the school property taxes paid by Pennsylvania homesteads (September 2013). 

09/16/2013

Analysis of Michigan property Tax Reform

This 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 over

Letter 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.pdf

Independent 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

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RB-2018-01.pdf

Independent 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

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SD-Property-Tax-Forecast-2019.pdf

Independent 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

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PA_Economy_League_Presentation.pdf

Economic 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

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Independent Fiscal Office

Independent Fiscal Office IFO • Latest Releases • Data • Calendar • Right-to-Know • About • About IFO • Contact IFO • Email Subscription • Links • Follow on Twitter • • Independent Fiscal Office Revenue Estimates Revenue & Economic Update Performance Budgeting Natural Gas Pension Analysis Property Tax Wage Contracts Tax Credit Review News Stand & Other Featured Releases November Economic and Revenue Update News Stand & Other November 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. ... (Full Report) Pennsylvania Impact Fee

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PBB_2019_DGS_Report.pdf

photography and broadcast 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 state

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TC_2019_Historic_Preservation_Tax_Credit_Report.pdf

Department 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

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Response-Letter-11-08-2019.pdf

Senator 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

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Select Committee Oct 1 2012 FINAL.pdf

or 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

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PSBA Presentation - Final.pdf

Overview 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

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County-Prop-Tax-RB.pdf

from 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

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SR2017-06.pdf

Pennsylvania (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

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Response-Letter-9-23-2019.pdf

attributable 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

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Property-Tax-Update-August-2018.pdf

1 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

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SR2017-05.pdf

Older 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

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RB-2020-COVID-19 Local Revenue Impact.pdf

this 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

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Presentation_PASBO_Annual_Conference_3-8-2018.pdf

Director 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

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PSBA-Property-Tax-Update-March-2020.pdf

March 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

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EPLC Feb 2020 FINAL.pdf

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 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

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State and Local Tax Burden Study.pdf

tax 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

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Response-Letter-09-19-2019.pdf

that 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

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Response-Letter-05-13-2019.pdf

95% 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

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Economic-and-Revenue-Update-2020.pdf

Tobacco 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

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Like-Kind_Exchange_Analysis.pdf

the 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

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2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf

in 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

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2002_dbdc_report.pdf

Retirement 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

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Official-Revenue-Estimate-Methodology-2020-6.pdf

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 1. Federal

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Official-Revenue-Estimate-Methodology-2019-06.pdf

2020 (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

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Response-Letter-08-16-2019.pdf

letter 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

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Presentation-2019-3-1-EPLC.pdf

2018 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%

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State-Tax-Comparison-2020-01.pdf

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 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

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Presentation_2017_02_10_EPLC.pdf

980 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

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SR2017-03.pdf

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. 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

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Response-Letter-09-12-2019.pdf

your 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

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IFO_Hearing_Packet_Feb2018.pdf

22 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

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QRE_FY14-15.pdf

4 242.6 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

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ACN_SB1071_A10803_text.pdf

or 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

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Presentation-2018-06-PASBO.pdf

Appropriations 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

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PBB_2020_DCED_REPORT.pdf

currently 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

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2007_divestment_complete_report.pdf

Sudan, 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

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Presentation-2018-08-PA-State-Association-Boroughs.pdf

Spending 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

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PBB_2020_DEP_Report.pdf

Program 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

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Official-Revenue-Estimate-2020-06.pdf

will 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

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MQRE-FY19-20-Aug.pdf

Gross 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

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TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdf

targeted 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

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Single-Use Plastics Report-2020_06.pdf

IFO 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

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Response-Letter-09-12-2019-Part-2.pdf

to 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

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PBB_2020_PEMA_REPORT.pdf

all 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

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MTR-2018-09.pdf

Non-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

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Initial-Revenue-Estimate-2018-05.pdf

7 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

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IFO_Hearing_Packet_Feb2019.pdf

Net 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

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Budget_Hearing_Background-Feb2014.pdf

Toll 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

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2006_surviving_spouse_healthcare_study.pdf

has 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

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Tax-Foundation-Presentation-11-14-2019.pdf

NOLs  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

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SR2013-07-section-4-data.xlsx

Figure 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

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Revenue-Estimate-2019-05.pdf

8 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

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Presentation_PICPA_9-24-2013.pdf

Difference $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

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Pitt_Chamber_Presentation.pdf

due 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

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PBB_2020_DOS_REPORT.pdf

ballots 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

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Official-Revenue-Estimate-2019-06.pdf

8 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

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Official-Revenue-Estimate-2018-06.pdf

7 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

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MTR-2018-10.pdf

million. 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

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Five_Year_Outlook_2019.pdf

the 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

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2013-08 Monthly Economic Summary.pdf

U.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

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SUT Exemption for Aircraft - January 2013.pdf

SUT 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

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SR2014-03-presentation.pdf

make 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

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Special-Funds-Response-Letter-03-08-2019.pdf

Park & 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

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Revenue-Estimate-2020-05.pdf

will 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

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QRR_2014Q2.pdf

4 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

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QRR_2013Q4.pdf

1 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

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QRR_2013Q3.pdf

growth 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

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Public Employee Retirement Laws of PA Local Governments (2009).pdf

services, 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

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PBB_2019_Criminal_Justice_Report.pdf

including 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

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NFIB_Presentation.pdf

budget 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

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MTR-2019-06.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2019-05.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2019-04.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2019-03.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2019-02.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2019-01.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2018-12.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2018-11.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2018-07.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2018-06.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2018-05.pdf

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 by Fannie Mae or Freddie Mac. Source: Federal Housing Finance Agency. Sales and

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MTR-2017-10.pdf

inflationary 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

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MTR-2017-09.pdf

inflationary 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

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MTR-2017-08.pdf

inflationary 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

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MTR-2017-07.pdf

inflationary 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

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MTR-2017-06.pdf

inflationary 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

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MTR-2017-05.pdf

inflationary 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

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MTR-2017-04.pdf

inflationary 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

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MTR-2017-03.pdf

inflationary 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

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MTR-2017-02.pdf

inflationary 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

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MTR-2017-01.pdf

inflationary 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

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MTR-2016-12.pdf

inflationary 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

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MTR-2016-11.pdf

inflationary 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

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MTR-2016-10.pdf

inflationary 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.pdf

inflationary 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.pdf

inflationary 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.pdf

inflationary 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

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MTR-2016-05.pdf

inflationary 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

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MTR-2016-04.pdf

inflationary 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

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MTR-2016-03.pdf

inflationary 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

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MTR-2016-02.pdf

inflationary 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

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MTR-2016-01.pdf

inflationary 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

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MTR-2015-11.pdf

inflationary 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

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MTR-2015-10.pdf

inflationary 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

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MTR-2015-09.pdf

inflationary 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

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MTR-2015-08.pdf

inflationary 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

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MTR-2015-07.pdf

inflationary 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

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CNIT-Rate-Cut-2018-04.pdf

only 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

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2018_Mid-Year_Update.pdf

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 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

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2004_srpvffinal.pdf

funding. 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

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RTR-2014-07.pdf

30 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

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Revenue_Estimate_Performance_Dec_2017.pdf

1 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

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Revenue-Proposal-Analysis-2019-03.pdf

employment 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

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Revenue-Estimate-Performance-2020-09.pdf

or 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

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Revenue-Estimate-Performance-2019-07.pdf

or 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

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Revenue-Estimate-Performance-2018-07.pdf

or 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

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Response-Letter-09-06-2019.pdf

the 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

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QRR_2015Q3.pdf

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 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

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QRR_2015Q2.pdf

the 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

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Public_Data-General_Fund.xlsx

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 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

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Presentation_PA_Bus_Council_6-22-15.pdf

products. 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

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PICPA_Presentation.pdf

MD 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%

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MQRE-FY20-21-Aug.pdf

188 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

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MER-2014-11.pdf

home 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

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ITEP-Presentation-11-14-2019.pdf

Simplicity/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

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IFO_Hearing_8-30-2017.pdf

and 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

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Budget Hearings Packet.pdf

and 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

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Budget Hearings Packet- Web Version.pdf

and 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

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TC_2020_Research and Development Tax Credit.pdf

should 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

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TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdf

Certain 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

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TC_2019_Film_Production_Tax_Credit_Report.pdf

total 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

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TCJA-Update-August-2018.pdf

million 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

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RTR-May 2012.pdf

5% 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%

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RTR-Mar 2012.pdf

5% 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%

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RTR-Jun 2012a.pdf

44.4% 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%

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RTR-Feb 2012.pdf

1807.9% 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%

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RTR-Apr 2012.pdf

7% 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%

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RTR-2015-04.pdf

2.6% -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

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RTR-2015-03.pdf

1% 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

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RTR-2015-02.pdf

3% 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

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RTR-2015-01.pdf

0% -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

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RTR-2014-12.pdf

2% 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

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RTR-2014-11.pdf

9% 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

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RTR-2014-10.pdf

8% 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

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RTR-2014-09.pdf

6% 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

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RTR-2014-08.pdf

8% 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

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RTR-2014-06.pdf

17.0% -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

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RTR-2014-05.pdf

2.9% -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

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RTR-2014-04.pdf

3.2% -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

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RTR-2014-03.pdf

4% -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

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RTR-2014-02.pdf

9% -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

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RTR-2014-01.pdf

5% -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

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RTR-2013-12.pdf

4% -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

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RTR-2013-11.pdf

1% -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

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RTR-2013-10.pdf

5% -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

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Revenue_Estimate_2015-06-15_Snapshot.pdf

fee 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

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Revenue_Estimate_2015-05-04_Release.pdf

The 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

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Revenue Trends Report - September 2012.pdf

6% 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

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Revenue Trends Report - October 2012.pdf

8% -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

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Revenue Trends Report - November 2012.pdf

2% -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

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Revenue Trends Report - May 2013.pdf

4.3% 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

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Revenue Trends Report - March 2013.pdf

6% 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

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Revenue Trends Report - June 2013.pdf

40.1% 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

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Revenue Trends Report - July 2013.pdf

3% -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

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Revenue Trends Report - July 2012.pdf

8% 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

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Revenue Trends Report - January 2013.pdf

9% 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

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Revenue Trends Report - January 2012.pdf

218.4% 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%

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Revenue Trends Report - February 2013.pdf

6% 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

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Revenue Trends Report - December 2012.pdf

2% -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

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Revenue Trends Report - August 2013.pdf

4% -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

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Revenue Trends Report - August 2012.pdf

9% 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

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Revenue Trends Report - April 2013.pdf

2.6% 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

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REU-2020-02.pdf

6 -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

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REU-2020-01.pdf

7 -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

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REU-2019-12.pdf

0 -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

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REU-2019-11.pdf

1 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

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REU-2019-10.pdf

1 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

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Response-Letter-9-30-2019.pdf

from 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

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RB-2016-02.pdf

FY 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

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RB 2019 RACP.pdf

Prevailing 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

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RB 2019 Natural Gas Royalties.pdf

royalties 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

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QRR_2017Q3.pdf

1 550.6 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

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QRR_2017Q2.pdf

1 -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

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QRR_2017Q1.pdf

3 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

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QRR_2016Q4.pdf

4 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

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QRR_2016Q3.pdf

1 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

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QRR_2016Q1.pdf

Receipts 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

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QRR_2015Q4.pdf

7 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

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QRR_2015Q3_preliminary.pdf

financial 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

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QRR_2015Q1.pdf

Receipts 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

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QRR_2014Q4.pdf

5 -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

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QRE_FY15-16.xlsx

8 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

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QRE_FY15-16.pdf

8 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

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Presentation_PICPA_12-3-2014.pdf

14-15 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

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Presentation_Phil_Chamber_2-12-2015.pdf

Monthly 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

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Presentation-2018-10-Performance-Based-Budget-Board.pdf

15, 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

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platt ppt.pdf

Contributions 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

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PBB_2020_DHS_REPORT.pdf

The 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

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NGPR-2016Q4.pdf

natural 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

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NGPR-2016Q3.pdf

natural 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

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NGPR-2016Q2.pdf

natural 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

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NGPR-2016Q1.pdf

natural 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

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NGPR-2015-2H.pdf

natural 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

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Newsstand_2018_May.pdf

and 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

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MTR-2019-09.pdf

5 -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

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MTR-2019-08.pdf

1 -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

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MTR-2019-07.pdf

7 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

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MTR-2018-1.pdf

4 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

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MTR-2018-04.pdf

5 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

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MTR-2018-03.pdf

1 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

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MTR-2018-02.pdf

7 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

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MTR-2017-12.pdf

8 -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

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MTR-2017-11.pdf

3 166.1 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

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MRU-2020-3.pdf

4 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

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MRU-2020-10.pdf

1 -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

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MRU-2020-09.pdf

0 -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

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MRU-2020-08.pdf

4 353.7 235.0 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

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MRU-2020-07.pdf

1 154.3 154.3 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

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MRU-2020-06.pdf

0 -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

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MRU-2020-05.pdf

9 -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

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MRU-2020-04.pdf

6 -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

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MQRE-FY18-19-July.pdf

Gross 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

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MER-2014-03.pdf

The 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

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Memo-2019-03-Income-and-Property-Tax-Burden-for-Retirees.pdf

Under 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

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IFO_Retirement_Task_Force_Jan2018_Presentation.pdf

Approximate 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

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IFO - Economic and Budget Outlook - January 2012.pdf

12. 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

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House Appropriation Response Letter 2-28-2020.pdf

requested 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

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GPNP July 10, 2012 final.pdf

Analysis  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

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Economic_and_Revenue_Update_2020_10.pdf

8 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

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Demographics Outlook 2020.pdf

the 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

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Budget_Hearing_Testimony-Feb2014.pdf

of 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

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ACN_SB1_A01354_A01558_2017_06_03a.pdf

service 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

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2013-10 Monthly Economic Summary.pdf

U.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-

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2013-09 Monthly Economic Summary-FINAL.pdf

U.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-

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2013-07 Monthly Economic Summary.pdf

U.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-

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Releases

to September 2019. Tags: estimates , monthly , revenue Full Report Older Newer Release Type • Revenue Estimates • Revenue & Economic Update • Performance Budgeting • Natural Gas • Pension Analysis • Property Tax • Wage Contracts • Tax Credit Review • News Stand & Other Archives Year: All 2020 2019 2018 2017 2016 2015 2014 2013

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About IFO

the IFO include forecasting revenues from the inheritance and gross receipts taxes along with numerous projects related to school district property taxes and natural gas. Prior to joining the IFO, Mr. Bushman was employed as a Purchasing Intern at Volvo Construction

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