In Pennsylvania Tax Update No. 226, the department announced that for voluntary disclosure agreements entered into on or after Aug. 1, 2023, the lookback period will be three years plus the current year—a difference from the previous period of five years plus the current period due. ...
course of purchaser's business. If purchaser does not have a PA Sales Tax License Number, complete Number 7 explaining why such number is not required. This Exemption is valid for property or services to be resold: (1) in original form; or (2) as an ingredient or component of other ...
Gambling tax income has played a major role in the state budget, and we expect this to continue opening doors in terms of increased transparency and growth in the future.History of Gambling in Pennsylvania Turning Pennsylvania into one of the most developed and successful states in terms of ...
The benefits are income-taxable when filing a claim if you pay the premiums with pre-tax payroll deductions. In this case, you save money upfront. The benefits are tax-free when filing a claim if you pay the premiums with after-tax dollars. In this instance, you save money when you ne...
Pennsylvania is one of the few states where you can earn Solar Renewable Energy Credits (SREC) for generating your own electricity using solar photovoltaic (PV) modules. As of 2023, Pennsylvania does not offer additional state incentives for solar panel systems. There is no sales tax exemption,...
Pennsylvania altered its tax appeal process at its two administrative boards — the Board of Appeals (BOA) and the Board of Finance and Revenue (BF&R) — to make changes favorable to taxpayers. Act No. 123, S.B. 1051, Oct. 29,...more ...
publishes the yields of high-grade tax-exempt bonds daily. According to the Bond Buyer, issuance of new Pennsylvania bonds in the third quarter was $3.4 billion, an increase of 50% from a year ago. Year-to-date issuance of $8.2 billion is up 28% from the first three quarters of 2023...
ITINs are for tax purposes. They are not linked to voting eligibility. Philadelphia City Commissioner Seth Bluesteincalled the claim incorrectand said noncitizens are not eligible to vote in Philadelphia. Just hours ago Philadelphia's District Attorney Larry Krasner addressed the video ...
The state’s very high tax rate of 36% of sports betting revenue has not slowed down PA sports betting and led to nearly $40 million in tax revenue in the first year. Since then, money has flowed into the state’s coffers as betting revenue increases each year. ...
It sets up a classic debate: Should the state return $3 billion to the people in the form of tax cuts or in the form of spending on government services? Either way, it’s too much. Making permanent $3 billion annual com...