DEPARTMENT OF REVENUE
Annual Inflation Adjustment for Distributions to Counties and Municipalities; Pennsylvania Gaming Cash Flow Management
[50 Pa.B. 598]
[Saturday, January 25, 2020]
In accordance with 61 Pa. Code § 1001.8 (relating to State Gaming Fund transfers), the Secretary of Revenue announces that, for the year beginning January 1, 2020, the Annual Inflation Adjustment as proscribed in 4 Pa.C.S. § 1403(d) (relating to establishment of State Gaming Fund and net slot machine revenue distribution) is 2.4%.
Section 1403(c) of 4 Pa.C.S. requires the Department of Revenue (Department) to utilize the most recent Consumer Price Index effective immediately prior to the date the adjustment is due to take effect to calculate the quarterly distributions from the State Gaming Fund to counties or municipalities. This adjustment was published by the United States Department of Labor, Bureau of Labor Statistics on January 14, 2020. Therefore, the Department is publishing notice of the Annual Inflation Adjustment.
C. DANIEL HASSELL,
[Pa.B. Doc. No. 20-112. Filed for public inspection January 24, 2020, 9:00 a.m.]
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