With relatively little fanfare last year, shortly before he was given an early retirement by the voters, Governor Tom Corbett of Pennsylvania signed into law Act 199, which amends the Commonwealth’s program for distress municipalities known as Act 47.
Act 199 makes numerous changes to municipal recovery in Pennsylvania. While most of the attention has focused on the law’s beefed up enforcement provisions through greater use of receivership, hard deadlines on a municipality’s stay in the program, and the specter of “disincorporation” by the state, of equal import are the law’s provisions which grant recovering municipalities greater flexibility in imposing taxes.
Read more about the law’s tax changes here.