DEPARTMENT OF REVENUE
Annual Inflation Adjustment; Pennsylvania Gaming Cash Flow Management
[38 Pa.B. 690]
[Saturday, February 2, 2008]
In accordance with 61 Pa. Code § 1001.8 (relating to State Gaming Fund transfers), the Secretary of Revenue announces that, for the year commencing January 1, 2008, 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 3.5%.
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. This adjustment was published by the United States Department of Labor, Bureau of Labor Statistics on January 16, 2008. Therefore, the Department is publishing notice of the Annual Inflation Adjustment.
THOMAS W. WOLF,
[Pa.B. Doc. No. 08-194. Filed for public inspection February 1, 2008, 9:00 a.m.]
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