Rep. Mustio: PA House Passes Bill to Close the Delaware Loophole

The House passed legislation this week to close the Delaware Loophole and implement comprehensive business tax reforms for Pennsylvania job creators.
 
House Bill 440 would close the loophole by targeting specific transactions that some businesses use for the sole purpose of avoiding taxation in the Commonwealth.
 
The bill also includes several additional tax reforms, including reducing the Corporate Net Income (CNI) Tax rate to 6.99 percent and uncapping the Net Operating Loss (NOL) deductions businesses may take.

In addition, the bill would support Pennsylvania’s small businesses, encourage new investments in existing businesses and promote the development of new start-up companies.

All of these reforms seek to make Pennsylvania a more competitive and attractive place to do business. The bill now heads to the Senate for consideration.

May is Motorcycle Safety Month

May is once again Motorcycle Safety Awareness Month in Pennsylvania.

Data from the Pennsylvania Department of Transportation (PennDOT) shows there were nearly 4,000 crashes involving motorcycles statewide last year, resulting in 210 fatalities, up from 3,600 crashes and 199 fatalities in 2011.

For the latest motorcycle safety information, click here. 

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