HARRISBURG, PA — The Wolf administration this morning released estimates of the new revenue the state expects to bring in by expanding the 6 percent sales tax to include more items and services.
Gov. Tom Wolf’s budget proposal, which is the subject of ongoing hearings by the House and Senate appropriations committees, also would raise the rates of the sales and personal income taxes, while cutting corporate income taxes and providing homeowners with relief from school property taxes.
Applying a proposed 6.6 percent sales tax to a host of new purchases would bring the state approximately $1.16 billion in the fiscal year beginning July 1 and $2.97 billion in the following year, according to a memo released this morning by the Department of Revenue.
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