Gross Receipts Tax: House Bill 542 (Rep. Thomas, D-Philadelphia) was the legislative vehicle that generated the revenues to fund the current 2017-2018 Fiscal Year Budget. This legislation contained the tax plan that was passed by the Senate, which included an increase in the Gross Receipts Tax (GRT) on electricity and re-imposed the tax on natural gas. The GRT component was defeated in the House of Representatives. IECPA lobbied in opposition to the proposed tax increase on electricity and to oppose the idea of re-imposing the GRT on natural gas. While there is no current legislation proposing an increase in the GRT, or re-imposing the GRT on natural gas sales, this has been a tax revenue source that has received serious consideration the last 2-3 years and we expect that it will continue to remain a threat in the future. IECPA will continue to closely monitor this issue.