Releases

IFO Releases
Release thumbnail - Testimony by Director Matthew Knittel regarding proposed changes to personal income and sales tax - 2015-06-10
Testimony by Director Matthew Knittel regarding proposed changes to personal income and sales tax
June 10, 2015 | Economics and Other

Testimony by Director Matthew Knittel regarding changes to the personal income and sales taxes proposed in the Executive Budget.  The information was presented at a public hearing conducted by the Senate Finance Committee (June 2015).

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Release thumbnail - Testimony by Director Matthew Knittel regarding a proposed severance tax - 2015-06-01
Testimony by Director Matthew Knittel regarding a proposed severance tax
June 01, 2015 | Energy

Testimony by Director Matthew Knittel regarding a proposed severance tax . The information was presented at a public hearing conducted by the Senate Environmental Resources and Energy and Finance Committees (June 2015).

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Release thumbnail - Analysis of a Statewide Financial Transactions Tax - 2015-05-15
Analysis of a Statewide Financial Transactions Tax
May 15, 2015 | Economics and Other

Letter discussing issues that should be considered when evaluating a potential state-level tax on the transfer of securities (May 2015). The office was asked to discuss the viability of the tax and identify any benefits or detriments associated with it. 

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Release thumbnail - The Effect of Act 1 of 2015 - 2015-04-17
The Effect of Act 1 of 2015
April 17, 2015 | Property Tax

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).

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Release thumbnail - State and Local Taxes: A Comparison Across States - 2015-03-30
State and Local Taxes: A Comparison Across States
March 30, 2015 | Economics and Other

The report examines how Pennsylvania's state and local tax structure compares to other states. It uses data published by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis to make comparisons.

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Release thumbnail - Property Tax Rebate Estimate - 2015-03-11
Property Tax Rebate Estimate
March 11, 2015 | Property Tax

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).

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Release thumbnail - Pennsylvania Gaming Trends - 2015-02-28
Pennsylvania Gaming Trends
February 28, 2015 | Economics and Other

This research brief gives a historical overview of gaming trends and revenues in Pennsylvania. This includes the role of gaming in the state economy as well as comparisons to other states. 

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Release thumbnail - Impact Fee Update - February 2015 - 2015-02-27
Impact Fee Update - February 2015
February 27, 2015 | Energy

This research brief estimates the calendar year 2014 impact fee revenues (to be remitted in April 2015) using data from the Department of Environmental Protection (DEP) and the Public Utility Commission (PUC). The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year.

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