Tax targeted for repeal sees surge in revenue
A state tax on consumer electric bills currently seeing a revenue surge is targeted for a repeal. The House and Senate have both voted to repeal the 5.9% gross receipts tax on electric bills in recent weeks. But the two chambers have yet to put the repeal provision in an agreed to bill so it could be sent to Gov. Josh Shapiro for signing. The latest action came when the House Rules Committee amended a Senate-passed tax code bill, House Bill 1667, to include the gross receipts tax repeal last Wednesday. The tax repeal is in the mix with no sign of when an overdue state budget for ...