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LegislationBelow find legislation currently before the Pennsylvania General Assembly being monitored by PFMA. PFMA's position is provided in red where applicable.
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Gas prices continue to fall on drop in demand, declining oil prices
Triblive | July 18, 2022 Business owners face possible tax increase if UC Trust Fund not solvent by November CPBJ | July 14, 2022 Pennsylvania’s RGGI climate rule paused until trial this fall State Impact PA | July 9, 2022 Pennsylvania has a new child care tax credit. Here’s what you need to know. Philadelphia Inquirer | July 12, 2022 |
SB 771 - Performance-based CNI reduction.
SB 447 - Reduces the Corporate Net Income Tax Rate. HB 2398 - Autonomous Vehicle Deployment Legislation, similar to SB 965 by Sen. Langerholc. SB 1100 - General Appropriations Act of 2022. SB 915 - Capital Budget Project Itemization Act of FY 2021-2022. It establishes the categories under which capital projects may be funded, in part or in whole, through the issuance of general obligation debt or current revenue. The types of projects in Senate Bill 915 are: Public Improvement projects, Furniture and Equipment projects, Transportation Assistance projects, Redevelopment Assistance projects, Flood Control projects, and Pennsylvania Fish and Boat Commission projects SB 696 - Updates the Breach of Personal Information Notification Act requiring that in the event of a breach involving Personally Identifiable Information, a state agency will report this breach to the individual or individuals affected within 7 days. SB 960 - Repeals the Frozen Dessert Law. SB 1083 - Legislation to protect the Unemployment Compensation (UC) rights of spouses of active duty members of the United States Armed Forces. Amended to include language aligning shared work plans with UC claims where the effective date isn't dependent upon when the department approves it. SB 1167 - Companion legislation to the federal, and strongly bipartisan, Secure and Fair Enforcement (SAFE) Banking Act of 2021. The SAFE Banking Act extends the provision of financial and insurance services to state legal cannabis businesses by granting safe harbor from adverse regulatory and legal action. HB 2272 - Constitutional Amendment to privatize the state liquor system. HB 629 - Reforms the state's SNAP distribution schedule. HB 1780 - The bill would extend the sunset dates for the Underground Storage Tank Environmental Cleanup Program and the Underground Storage Tank Pollution Prevention Program, which were established in the Storage Tank Spill and Prevention Act (Act 32 of 1989). PFMA sits on the USTIF Board. HB 2157 - Reforms state fireworks law, including constraints on times of day that fireworks can be discharged and increase criminal penalties for selling or using consumer fireworks in violation of the act. HB 2499 - The Pennsylvania Insurance Data Security Act adopts the National Association of Insurance Commissioners (NAIC) model law requiring licensees, with exceptions for small insurers, to conduct an annual risk assessment. SB 571 - Reforms the state's SNAP distribution schedule. SB 347 - Would establish a state level version of a “like-kind” exchange for tax-deferral when property is exchanged for similar property. Part of small business reform package. SB 721 - Corporate Net Income Tax Reduction bill HB 2202 - Legislation requiring certain companies and personal information aggregators to share more information about what personal data is gathered, tracked and sold. Also includes opt-out provisions for customers. HB 129 - Requires modernization of the rules by which UC hearings are conducted. HB 761 - Increases the amount an individual can so for under the Unfair Trade Practices and Consumer Protection Law from $100 to $500. PFMA has historically opposed this legislation. HB 1093 - Legislation revising current statute regarding the theft of plastics to elevate that crime from a simple summary offense to a misdemeanor of the third degree. PFMA supports this legislation. HB 324 - Statutory authorization for Philadelphia to implement Net Operating Loss carry-forward for 20 years. HB 1665 - Nullifies certain indemnity clauses in snow removal contracts. HB 1960 - Legislation that would reduce the corporate net income rate from 10% to 9%, and further to 8% by 2025 if state budget surplus totals at least $500 million. PFMA supports reducing the CNI tax rate. HB 2277 - Legislation to repeal the requirement for Pennsylvania businesses to remit “prepayments” for their sales tax collections. SB 349 - Would bring PA’s 179 tax law more in line with the Federal Internal Revenue Code. Part of small business reform package. Milk reform legislation -
HB 333 - Amends the Tax Reform Code conforming to the Federal statute allowing a business to take the full expense deduction permitted under Section 179 of the Internal Revenue Code, in effect as of the effective date of this subsection, which currently allows a business to deduct the full purchase price during the tax year, up to $1.08 million. Part of small business tax fairness package. PFMA supports the legislation. SB 749 - Provides more clarity for both employees and employers in the use of medical marijuana in the workplace, including guidance on drug testing, and outlining the circumstances under which disclosure of medical marijuana use may be required for safety-sensitive positions. PFMA supports the legislation and signed letter of support for the bill. HB 1594 - Legislation to combat organized retail crime by requiring third-party sellers to disclose certain financial information to the online marketplaces in which they are operating. HB 637 - Legislative Authority Over Carbon Tax/Multi-State Compacts (RGGI) For a complete list of state legislation PFMA is tracking, click on the Pennsylvania outline here. |
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