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Tax

NEWS
July 4, 2014 | By Angela Couloumbis and Amy Worden, Inquirer Harrisburg Bureau
HARRISBURG - After four days of back-room negotiations, heated public meetings, and political floor maneuvers, the legislative logjam finally broke on critical pieces of the state budget late Wednesday, setting the stage for an overhaul of the state pension system and a cigarette tax to fund Philadelphia schools. "This is one of the most critical votes in the history of the Philadelphia School District," said Mayor Nutter, who worked the Capitol halls for days and stayed to see the House vote, 119-80, to pass the cigarette tax. A Senate vote on the tax could come next week, and Gov. Corbett is expected to sign the bill.
NEWS
July 3, 2014 | BY SOLOMON LEACH, Daily News Staff Writer leachs@phillynews.com, 215-854-5903
ONCE AGAIN, Philadelphia's hopes for increased school funding from Harrisburg appear to be on hold. A spokesman for House Majority Leader Mike Turzai, an Allegheny County Republican, said yesterday that there were no plans to vote on a bill passed by the Senate that includes the Philadelphia cigarette tax, which would generate much-needed revenue for the school district. The omnibus bill was approved in the Senate early yesterday, 38-12. The district is hoping for more money from state lawmakers.
NEWS
July 3, 2014
IN 1993, Bill Clinton was president, "Seinfeld" was on TV and a cellphone was the size of a brick. It was also the last time that Congress raised the federal gasoline tax, which pays for roads, bridges and public transit. Over two decades, the cost of building and maintaining the nation's transportation infrastructure has gone up significantly, while the tax designed to fund the work has stayed flat: Drivers still pay 18.4 cents per gallon at the pump for gasoline and 24.4 cents for diesel.
NEWS
July 2, 2014 | By Angela Couloumbisand Amy Worden, INQUIRER HARRISBURG BUREAU
HARRISBURG - Gov. Corbett refused late Monday to sign a $29.1 billion budget that the Republican-controlled legislature scrambled to deliver to him just 90 minutes before the midnight deadline. The legislature approved a plan that includes some increased money for schools, and would not raise any taxes or impose new ones. But Corbett, a Republican facing a tough reelection battle in the fall, signaled disappointment that the legislature was unable to deliver on one of his priorities: a measure that would change pension benefits for new employees.
NEWS
July 2, 2014 | BY SEAN COLLINS WALSH, Daily News Staff Writer walshSE@phillynews.com, 215-854-4172
ABOUT 54 PERCENT of Philadelphia property owners paid higher real-estate taxes this year, the debut of the Actual Value Initiative reform effort, than they did the previous year, according to city Finance Director Rob Dubow. Fifty-seven percent of commercial properties had higher tax bills, as did 54 percent of residential properties, Dubow said. If everyone who is eligible enrolled in the new "homestead exemption" tax break, which deducts $30,000 from city assessments for primary residences, then 30 percent of residential properties would have seen decreases.
NEWS
July 2, 2014 | By Maddie Hanna and Andrew Seidman, Inquirer Trenton Bureau
TRENTON - In an anticipated move, Gov. Christie on Monday vetoed key components of the $34.1 billion budget passed last week by Democratic lawmakers, leaving a spending plan without an income tax increase on the wealthy - and a smaller payment into the state pension system - in place for the fiscal year beginning Tuesday. Christie nixed a three-year tax increase on income over $1 million and a one-year surcharge on the corporation business tax, saying the increases would hurt the economy.
NEWS
June 29, 2014 | By Angela Couloumbis, Inquirer Harrisburg Bureau
HARRISBURG - Republican legislative leaders emerged from closed-door budget talks Friday saying they were considering a state spending plan that would not raise any taxes - and that they believed they could approve by the Monday deadline. Senate Majority Leader Dominic Pileggi (R., Delaware) said Republicans, who control the Senate and House, were looking at a budget blueprint that would spend about $29.1 billion to $29.4 billion. He also said they were no longer discussing ways to raise new revenue through taxes.
NEWS
June 28, 2014 | By Maddie Hanna and Andrew Seidman, Inquirer Trenton Bureau
TRENTON - In party-line votes, Democratic lawmakers on Thursday approved a $34.1 billion budget for the fiscal year beginning Tuesday, funded in part by two tax increases Gov. Christie has pledged to veto. The plan - which includes a three-year tax increase on income over $1 million and a one-year surcharge on the corporation business tax - cleared the Senate and Assembly, both controlled by Democrats. Debate centered on the tax increases, with Republicans arguing that the state would drive out its most successful.
NEWS
June 27, 2014 | BY JULIE SHAW, Daily News Staff Writer shawj@phillynews.com, 215-854-2592
A TAX PREPARER who worked for a Southwest Philadelphia company that was accused of fraudulently listing foster kids as dependents on client tax returns pleaded guilty in court yesterday. Mohamed Conteh, 45, of Collingdale, Delaware County, told U.S. District Judge Legrome Davis that he was pleading guilty because he was rightfully accused by the government. Conteh, who was born in Freetown, Sierra Leone, had worked at Medmans Financial Services at its Woodland Avenue office. He was one of nine people charged in the case.
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