Senate Finance Committee to Consider Four Bills on Monday

The Senate Finance Committee will consider four bills at 11:30 a.m. on Monday (June 14) in Room 8E-B of the Capitol East Wing, according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 347, relating to like-kind exchanges and introduced by Senator John DiSanto (R-15), would mirror Pennsylvania law to federal, removing a disadvantage Pennsylvania small businesses face when competing with those in other states.

Senate Bill 447, introduced by Senator Michele Brooks (R-50), would reduce the Corporate Net Income Tax by 0.5 percent every year over a period of six years until it reaches 6.99 percent.

Senate Bill 586, introduced by Senator David Argall (R-29) addresses eligibility for the Historic Preservation Tax Credit Program.

House Bill 952, introduced by Representative Donna Oberlander (R-63), converts the current Computer Data Center Equipment Incentive Program from a Sales and Use Tax refund program to a Sales and Use Tax exemption.

The meeting will be livestreamed at: https://finance.pasenategop.com/.

 

Contact:         Nathan Akers              nakers@pasen.gov

Senate Finance Committee Approves Two Bills

The Senate Finance Committee approved two bills on Tuesday, according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 368, introduced by Senator Camera Bartolotta (R-46), provides tax relief for small businesses impacted by the pandemic.

Senate Bill 734, introduced by Senator Art Haywood (D-4), provides reforms and controls to prevent fraud in the sale of Pennsylvania tax credits.

The bills now go to the full Senate for consideration.

Click here for video of the meeting.

 

Contact:          Nathan Akers              nakers@pasen.gov

Senate Finance Committee Approves Three Bills

The Senate Finance Committee approved three bills today (Tuesday, May 25), according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 288, introduced by Senator Bob Mensch (R-24), expands the 21st Century Manufacturing Innovation and Reinvestment Deduction Act.

Senate Bill 681, introduced by Senator John Yudichak, provides for two, one-year carry forward for tax credits purchases in 2020 and 2021. This means that tax credits purchased in 2020 could be used for 2020 or 2021, and tax credits purchased in 2021 could be used for 2021 or 2022.

Senate Bill 682, also introduced by Senator Yudichak, extends the eligibility timeline for the Keystone Innovation Zone credit program from eight years to 10 years.

The bills now go to the full Senate for consideration.

Click here for video of the meeting.

 

Contact:          Nathan Akers                          nakers@pasen.gov

Senate Finance Committee to Consider Three Bills on Tuesday

The Senate Finance Committee will consider three bills at 10 a.m., Tuesday (May 25), in the Senate Chamber, according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 288, introduced by Senator Bob Mensch (R-24), expands the 21st Century Manufacturing Innovation and Reinvestment Deduction Act.

Senate Bill 681, introduced by Senator John Yudichak, provides for two, one-year carry forward for tax credits purchases in 2020 and 2021. This means that tax credits purchased in 2020 could be used for 2020 or 2021, and tax credits purchased in 2021 could be used for 2021 or 2022.

Senate Bill 682, also introduced by Senator Yudichak, extends the eligibility timeline for the Keystone Innovation Zone credit program from eight years to 10 years.

The meeting will be livestreamed at: https://finance.pasenategop.com/.

Contact:          Nathan Akers              nakers@pasen.gov

Senate Finance Committee Approves Two Bills

The Senate Finance Committee approved two bills today (May 11), according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 279, introduced by Senator Pat Stefano, amends the Tax Reform Code to exempt firefighters from the sales and use tax when purchasing protective equipment and accessory communications equipment while using their own personal funds.

Senate Bill 568, introduced by Senator David Argall, addresses the collection of sales taxes on traffic signal foundations, poles and mast arms.

The bills now go to the full Senate for consideration. Click here for video of the hearing.

 

Contact:          Justin Leventry           jleventry@pasen.gov

Senate Finance Committee to Consider Two Bills on Tuesday

The Senate Finance Committee will consider two bills at 9:30 a.m., Tuesday (May 11), in the Senate Chamber, according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 279, introduced by Senator Pat Stefano, amends the Tax Reform Code to exempt firefighters from the sales and use tax when purchasing protective equipment and accessory communications equipment while using their own personal funds.

Senate Bill 568, introduced by Senator David Argall, addresses the collection of sales taxes on traffic signal foundations, poles and mast arms.

The meeting will be livestreamed at: https://finance.pasenategop.com/.

 

Contact:          Justin Leventry           jleventry@pasen.gov

Senate Finance Committee Approves Four Bills

The Senate Finance Committee today (April 19) approved four bills, according to Committee Chairman Senator Scott Hutchinson (R-21).

Senate Bill 454, introduced by Senator Michele Brooks, provides for a volunteer firefighter tax credit of up to $500 for those with at least two full years of service and who have responded to at least 20 percent of their company’s emergency calls.

Senate Bill 463, introduced by Senator Hutchinson, provides for a sales tax exemption on equipment used in the construction and operation of computer data centers. The bill was a topic discussed during a public hearing last week by the Senate Community Economic & Recreational Development Committee on the economic impact of the state’s technology and energy infrastructure.

Senate Bill 562, introduced by Senator Mario Scavello, creates the Airport Land Development Zone program to incentivize development on vacant land and buildings owned by airports and leased to private businesses.

            House Bill 766, introduced by Representative Keith Greiner, changes the due date of corporate tax returns from 30 days after the due date of the federal return to the 15th day of the month following the due date of the federal return and also aligns Local Earned Income Tax due dates with the federal and state tax due dates.

Click here for audio of Senator Hutchinson’s comments on Senate Bill 463.

Click here for video of the Finance Committee meeting.

Contact:          Justin Leventry           jleventry@pasen.gov