Moody's: Challenge to intangibles tax puts 5 Pennsylvania counties at risk

Demenchuk, Michael
November 1997
Bond Buyer;11/18/97, Vol. 322 Issue 30275, p32
Trade Publication
Reports that Moody's Investors Service is launching a legal challenge against the personal property tax rule of Pennsylvania. Economic impact on Pennsylvania counties Allegheny, Chester, Delaware and Montgomery if the Pennsylvania Supreme Court orders a refund; Financial difficulties in Allegheny County as a result of the 20 percent property tax cut in 1996.


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