Wolf budget axes some sales-tax exemptions, seeks lower corporate tax rate

Wolf budget axes some sales-tax exemptions, seeks lower corporate tax rate
Gov. Tom Wolf has proposed a $32.3 billion budget for 2017-18 that would not raise broad-based taxes but instead relies on taxing natural gas and ending a number of sales-tax exemptions enjoyed by businesses. Wolf said he wants to eliminate a series of sales tax exemptions, including exemptions on custom computer programming, design and data processing, commercial storage, and airline purchases of catered food and non-alcoholic beverages served to passengers on flights. The governor also said he wants to adopt a 6.5 percent severance tax on natural gas that would raise an estimated $294 million for state coffers in the new fiscal year that begins July 1. The budget proposal also calls for increasing the state’s minimum wage to $12 per hour from its current level of $7.25 per hour, which the administration believes will generate $95 million in additional revenue in the budget.
Source: Central Penn Business Journal; 2/7/2017

Courtesy of:

Steve Sisman
CSP, e-Pro, REALTOR,

Designated Short Sale and Foreclosure Resource,

Certified Short Sale Master Default Intermediary,

Certified Real Estate Divorce Specialist,

Associate Leadership Counsel Alumnus,

a member of the Delaware County Chamber of Commerce,

a member of the Delaware Small Business Chamber,

 
VP of the “Little Shul” (CYSEI)

PA Lic# RS218928L DE Lic# RS-0016238

Weichert, Realtors

610.565.1300 main PA
302.992.9500 main DE
610.357.6101 preferred
606 E. Baltimore Pike, Media, PA 19063 * 610.565.4599 fax (PA)
4760 Limestone Road, Wilmington, DE 19808 * 302.992.9815 fax (DE)
steve@stevesisman.com * www.SteveSisman.com
A caring professional…
Oh and by the way, I’m never too busy for your referrals!
*If your property is currently listed; or, you are currently contracted with a licensed real estate professional, this IS NOT intended as a solicitation*
 
**E-mails sent or received shall neither constitute acceptance of conducting transactions via electronic means nor create a binding contract until and unless a written contract is signed by the parties**
 
***NOTE: I will NEVER request Bank Wiring Instructions, Bank Account Information or Social Security Number by email.  If you receive an email requesting this information, DO NOT RESPOND!!!
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: