Monday, October 15, 2012

No school property taxes?

Act 1776  and Bill 1400 have one goal: replace school property taxes with increased  sales and income levies.

Introduced by Republican Rep. Jim Cox in the House, the bill would not immediately take effect; rather it would be enacted over the course of two years.

If it was made law, the income tax would increase from from 3 percent to 4 percent, and the sales tax from 6 percent to 7 percent.

Not everyone in Pennsylvania is on board; the Pennsylvania Department of Revenue said the plan would leave a $3.5 billion deficit and the Pennsylvania Budget and Policy Center has vocally spoken out against the bill.

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