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Does Act 7 define “income from all sources” for purposes of the low income exemption?

April 26, 2017ACT define income low purposes

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Does Act 7 define “income from all sources” for purposes of the low income exemption?

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Yes. The act defines “income from all sources” as the total earnings and net profits from all sources within the municipality for the calendar year in which the local services tax is levied.