When was the Business Privilege Tax (BPT) eliminated?
As recommended by the Ad Hoc Tax Study Committee, the Business Privilege Tax (BPT) was repealed as an action of Council in 2005. The BPT repeal was combined with an increase in Real Estate taxes and the implementation of the Homestead Exclusion for owner occupied property. The changes took effect in 2006. At the same time the Homestead Exclusion was enacted, the Commonwealth also replaced the Occupation Privilege Tax with the Emergency Municipal Services Tax (which later became the Local Services Tax). The EMST/LST provided revenue to cover the cost of the Homestead Exclusion for homeowners. (Ad Hoc Tax Study Report: www.statecollegepa.us/DocumentView.aspx?DID=385; What is taxable as EIT: www.statecollegepa.us/DocumentCenter/View/11342)

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1. What is a mill?
2. Why can’t the Borough borrow money from the Parking Fund for the General Fund?
3. Why is the budgetary problem with revenue and not expenditures?
4. Is the Borough running out of money?
5. What is the difference between what Penn State University would pay in real estate taxes versus what is received in impact fees?
6. How often does the Borough replace computer equipment and vehicles?
7. Why don’t the local municipalities consolidate?
8. Does the County or School District provide any financial contributions to the Centre Region Council of Governments (COG)?
9. Has there been any movement of Penn State University to the south of College Avenue and do these properties pay Real Estate Taxes?
10. Is there a forecast for Earned Income and Net Profits Tax related to new development within the Borough?
11. When was the Business Privilege Tax (BPT) eliminated?
12. How can the Borough tax rainwater?