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Senate of Pennsylvania
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted:	January 2, 2013 01:05 PM
From:	Senator Bob Mensch
To:	All Senate members
Subject:	Jobs Initiative Package

I am re-introducing a series of bills from last session that are aimed at moving the Commonwealth forward through this tough economy by enabling the creation of new jobs for Pennsylvanians, and to help protect our existing jobs. Reforming the single sales factor was an excellent beginning but we need to remain focused on solutions to turning this economy around and not just the immediate impact of the financial crisis we are facing. Pennsylvania’s tax policies have severally hurt job growth and rendered us uncompetitive even in good economic times. In a landmark, comprehensive study called "Location Matters" and completed in collaboration with KPMG, the independent Tax Foundation ranked Pennsylvania 50th this year in business tax competitiveness for mature companies and 49th for new firms. Now is not the time to protect the status quo but to take a bold step in establishing Pennsylvania as pro-business and pro-jobs.

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Document #1

Description:	This legislation will reduce the Personal Income Tax (PIT) to 2.99 percent. It was Senate Bill 204 of last session and co-sponsors were PILEGGI, GREENLEAF, WAUGH, EICHELBERGER, VOGEL, YAW, FOLMER, ARGALL, BREWSTER, ALLOWAY, KASUNIC , D. WHITE, BOSCOLA and BROWNE.

Document #2

Description:

This legislation will reduce the Corporate Net Income (CNI) Tax Rate to 8.99 percent in FY 2013-14, 7.99 percent in 2014-15, and 6.99 percent thereafter.  Pennsylvania continues to rank as one of the highest CNIs not only among U.S. states, but also among nations against which the Commonwealth also competes for jobs.   It was Senate Bill 206 of last session and co-sponsors were PILEGGI, GREENLEAF, WAUGH, EICHELBERGER, VOGEL, YAW, FOLMER, ARGALL, BREWSTER, ALLOWAY, KASUNIC, D. WHITE, BOSCOLA, and BROWNE.

Document #3

Description:	This bill will uncap the Net Operating Loss (NOL) Carryforward.  This will encourage new capital investment in our state, and will create new jobs. It was Senate Bill 207 of last session and co-sponsors were PILEGGI, GREENLEAF, WAUGH, EICHELBERGER, VOGEL, YAW, FOLMER, ARGALL, BREWSTER, ALLOWAY, KASUNIC, D. WHITE, BOSCOLA and BROWNE.

Document #4

Description:

This bill will establish a Career Development Credit program to credit a percentage of qualified employer costs for training employees and upgrading their skills against Pennsylvania corporate and income tax liability.  The program is capped at $20 million per year, and funded through state dollars already being spent on workforce development in the Commonwealth.   There are 18 other states with a job training tax credit.  It was Senate Bill 208 of last session and co-sponsors were PILEGGI, GREENLEAF, WAUGH, EICHELBERGER, ERICKSON, VOGEL, YAW, FOLMER, ARGALL, BREWSTER, ALLOWAY, KASUNIC, D. WHITE, BOSCOLA and BROWNE.