News for residents of Newtown Township, Bucks County, PA, wage tax update. Newtown Township, Bucks County, PA backs move to allow suburbs to capture part of Philadelphia city wage tax. Newtown Township, Bucks County, PA supervisors voted unanimously to authorize a resolution supporting an amendment to the Sterling Tax Act in hopes of bringing back hundreds of thousands of dollars being lost to the Philadelphia city wage tax. The measure, championed by state Sen. Frank Farry (R-160), of Bucks County, PA recently passed the state Senate and is on its way to the state House. While workers themselves will not be paying lower overall wage tax, 1% of the 3.44% Philadelphia city wage tax would be redirected to each worker’s home municipality. The amendment would allow up to 1% of the income earned by a person who lives outside of Philadelphia but works in the city to be paid to their home municipality. Newtown Township, Bucks County, PA Manager Micah Lewis said the township could see revenue of more than $360,000 that previously went to Philadelphia if the measure passes.
Source: Bucks County Herald; 5/14/2023. #NewtownTownshipBucksCountyPAwagetax
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