Jennifer Weidler Karpchuk, shareholder with Chamberlain, Hrdlicka, White, Williams & Aughtry. Top Tax Takeaways From Gov. Wolf's Budget Proposal
Many of the proposed changes are not new; the governor has unsuccessfully attempted to pass a number of the proposed changes in previous years. For various reasons, each has been met with criticism, lobbying and eventual defeat. Will the result in 2021 be any different?
March 15, 2021 at 01:02 PM
6 minute read
During February 2021, Gov. Tom Wolf announced his proposed budget for the 2021-22 fiscal year, which would increase spending by nearly $3.8 billion, or 11.1%. The budget calls for some important changes to the commonwealth's tax system, which will be discussed below. Many of the proposed changes are not new; the governor has unsuccessfully attempted to pass a number of the proposed changes in previous years. For various reasons, each has been met with criticism, lobbying and eventual defeat. Will the result in 2021 be any different?
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