PAtownhall.com
Pennsylvania's Marketplace of Ideas
Pennsylvania's Marketplace of Ideas
PAtownhall.com
Pennsylvania's Marketplace of Ideas
Pennsylvania's Marketplace of Ideas
by News Release
The budget discussions are underway. Now is the time to take action.
Urge your state lawmakers to support small business tax cuts
Please take a moment to contact your lawmakers to urge them to support several small business tax cuts. NFIB members met with state Senate and House leaders last April to talk about meaningful tax cuts that could help jump-start Pennsylvania's economy. Last week, state Senate leaders rolled out a $93 million tax cut package. They want to include these tax cuts in the state budget to be decided in June.
Please contact your state lawmakers now to urge them to support NFIB's job-creating tax priorities:
SB 1387: Raises the state's sec. 179 expensing limit to $50,000.
SB 1418: Raises the minimum exemption to the capital stock and franchise tax to $175,000.
SB 1385: Expands the cap on NOL carry forwards to $5 million or 20 percent of taxable income for tax years after Dec. 31, 2008.
SB 1388: Expands the CNI Sales Factor calculation to 85 percent.
Pennsylvania's tax policy is one critical factor that impedes the ability of small companies to expand, create jobs and compete in the global marketplace. In 2006, Pennsylvania businesses paid more than $22 billion in state and local taxes, placing the Commonwealth sixth-highest in the nation in business tax collections.
Providing tax incentives to purchase new equipment and reinvest in their business will be a boon for small employers. And adjusting the business tax code to reward -- rather than penalize as we currently do -- companies who hire workers and build products here in Pennsylvania will be a win for both business and the thousands of men and women across the commonwealth looking for work.
State House to vote on independent contractor Bill on June 3
As reported last week, the state House Labor Relations Committee passed an amended version of HB 2400, narrowing its scope exclusively to businesses in the residential and commercial construction industry. The floor vote has been scheduled for June 3. The Department of Labor and Industry vowed to work with other lawmakers to expand the scope of the bill to cover all occupations.
Despite changes to the bill, NFIB still opposes the measure as it prohibits independent contractors from hiring sub-contractors; makes it easier for organized labor to intimidate and harass non-union construction companies; and perpetuates current ambiguity in the law as to whether an individual is an employee or an independent business. If enacted, HB 2400 will force small business owners to spend costly hours with lawyers and judges rather than working on projects and creating jobs.
Don't delay! Contact your state lawmakers today to warn them of the costly effect this legislation would have on your business. NFIB has made it fast and easy for you to communicate your message to your elected officials.
