SALT Blog – State and Local Tax Blog
The State and Local Tax ("SALT") blog provides news updates and commentary about state and local tax issues.
You can expect to find relevant information about topics such as income (corporate and personal) tax, franchise tax, sales and use tax, property (real and personal) tax, fuel tax, capital stock tax, bank tax, gross receipts tax and withholding tax.
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Chamberlain Hrdlicka Blawgs
Business and International Tax Developments Blog
by Stewart Weintraub and Jennifer Weidler
Each year the Pennsylvania State Tax Equalization Board ("STEB") calculates and publishes the common level ratio ("CLR") for each county in the state. The Pennsylvania General County Assessment Law provides that there cannot be more than a 15% differential between the STEB CLR and the county's Established Predetermined Ratio ("EPR"). 72 P.S. § 5020-511(c). For decades the STEB CLR for Philadelphia County fell slightly below, but within 15% of the county's EPR of 32%. This year marked a drastic change for Philadelphia. For tax year ...