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Pennsylvania’s Historic Electricity Tax Cut | Philadelphia News
Pennsylvania lawmakers are set to deliver the state’s biggest tax cut in history, slashing the 5.9% electricity sales tax and forcing utilities to pass savings to consumers—or face penalties. Though the House passed it unanimously as part of a broader package that tweaked utility profit regulation (a point Republicans initially balked at), the Senate has now approved the tax cut as its centerpiece. Governor Josh Shapiro backs the profit caps, aligning with his warnings about soaring rates. While consumers could see immediate relief amid rising bills, the move threatens a $1.7 billion revenue…
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