New legislation introduced in June and early July includes the following:
- House Bill 2292 sponsored by Rep. Grove (R-York County) creates the Delinquent Tax Intercept Authority that would provide a one-stop clearing house for local governments and state government to place their outstanding and delinquent tax payments.
- House Bill 2400 sponsored by Rep. Dunbar (R-Westmoreland County) would amend the Tax Reform Code by increasing the maximum amount a taxpayer may elect to expense for Section 179 assets to $100,000 per taxable year. Senate Bill 1418 sponsored by Sen. Hutchinson (R-Venango County) is companion legislation in the Senate.
- House Bill 2401 sponsored by Rep. Grove (R-York County) would amend the Tax Reform Code by allowing small businesses to use the net operating loss deduction in state tax law. Senate Bill 1417 sponsored by Sen. Brubaker (R-Lancaster County) is companion legislation in the Senate.
- House Bill 2402 sponsored by Rep. Bloom (R-Cumberland County) would amend the Tax Reform Code by allowing for in-kind exchanges in Pennsylvania that mirror Internal Revenue Code Section 1031 provisions that allow for tax-deferral when property is exchanged for similar property. Senate Bill 1416 sponsored by Sen. Folmer (R-Lebanon County) is companion legislation in the Senate.
- Senate Bill 1421 sponsored by Sen. Greenleaf (R-Montgomery County) would permit the Department of Community and Economic Development to establish and administer a program to encourage employee stock ownership plans and other forms of employee ownership in existing and start-up businesses.
- Senator Fontana (D-Allegheny County) will be introducing legislation that would amend current law to allow ridesharing services, such as those already offered by Lyft and Uber, to operate legally in Pennsylvania. Also, House Resolution 947 introduced by Rep. Molchany (DAllegheny County) urges the Public Utility Commission to investigate consumer transportation needs and approve experimental licenses for ridesharing services in the city of Pittsburgh.
If you have questions about the budget or any introduced legislation, please contact Michelle Vezzani at MVezzani@cohenlaw.com or the public affairs professional with whom you work. Cohen & Grigsby Public Affairs is a specialized practice group made up of public affairs professionals and attorneys who know how to navigate where government and business intersect. Members have served at all levels of local and state government and are from all sides of the political spectrum.