Elk Township will consider an ordinance to reduce its open space tax from the current rate of 0.5% on earned income down to 0.01%. The estimated revenue to be derived from the open space tax during 2025 is $47,500. The proposed ordinance would be effective Jan. 1, 2025. All other provisions of the existing Earned Income Tax Ordinance No. 2007-07 would remain in place. A public hearing will be held on Monday, Nov. 4, at 7 p.m. at the Elk Township Building, 952 Chesterville Road, Lincoln University.
Source: Daily Local; 10/18/2024
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Elk Township to reduce open space tax rate
Published Friday, October 25, 2024