State Capitol ROUNDUP
4/26/2013

House Finance Committee Approves Measure to Close Delaware Loophole

Members of the House Finance Committee this week approved a measure to close the Delaware Loophole and improve the state’s overall business tax structure as one step toward improving the Commonwealth’s jobs climate.  House Bill 440 would institute an “expense add-back” provision to target very specific transactions of Pennsylvania businesses that are taking advantage of the loophole for the sole purpose of tax avoidance.  The bill was amended to include tax reform proposals put forward by the governor, including increasing the state’s net operating loss cap in 2014; offering deductions to help start-up businesses create jobs; implementing a 10-year phase down of the Corporate Net Income tax beginning in 2015; and closing other existing tax loopholes.  Pennsylvania continually ranks among the worst states in the nation when it comes to offering a competitive business climate for job creators.  House Bill 440 is designed to make the state a more attractive home for businesses and to level the playing field for all job creators.  The measure now heads to the full House for consideration.

New License Plates Available for Paratroopers, World War II Merchant Mariners

The Pennsylvania Department of Transportation (PennDOT) is now offering license plates for members and veterans of the U.S. Armed Forces who have served with a U.S. Military Airborne Unit or as a World War II Merchant Mariner.  The new license plates for members of a U.S. Military Airborne Unit feature images of jump and glider wings, and the plates for Merchant Mariners feature an image of the Merchant Marine emblem.  For more information on these registration plates or any other military plates offered by PennDOT, visit Rep. Kerry Benninghoff’s (R-Centre/Mifflin) website at www.KerryBenninghoff.com.
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