|Posted:||April 24, 2019 02:34 PM|
|From:||Representative Mike Turzai and Rep. Aaron D. Kaufer, Rep. Natalie Mihalek, Rep. Joshua D. Kail, Rep. Jonathan Fritz, Rep. Tarah Toohil, Rep. Eric R. Nelson, Rep. Michael J. Puskaric, Rep. Timothy J. O'Neal|
|To:||All House members|
|Subject:||Energize PA Legislative Package|
|This legislative package, “Energize PA,” is designed to make Pennsylvania attractive to outside businesses, create family-sustaining jobs and provide economic benefits to underserved regions, without creating any new fees or taxes.|
Introduced as HB1100
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I plan to introduce legislation that will encourage manufacturers to invest in PA. This legislation mirrors the existing Pennsylvania Resource Manufacturing tax credit that was established during the 2012-13 budget. This legislation will target those large manufacturers using PA Methane in the production of ammonia, urea and methanol. The Commonwealth is open for business, and we should be encouraging large corporations to make PA their home.
The great Pennsylvania natural gas rush is perhaps the most unpredicted significant energy development in the past 100 years. In 2018, natural gas supplied 35% of Pennsylvania's electricity, a powerful leap from just 8% in 2007. Nationally, gas is now 34% of U.S. electricity, versus 20% or so a decade ago.
The Commonwealth is a prime location to attract natural gas manufacturers. At over 18 Bcf/d, Pennsylvania now yields over 20% of all U.S. gas, only behind Texas' 22 Bcf/d. In the 10 years since a shale revolution took flight in its Marcellus operations, Pennsylvania's gas output has exploded 32-fold.
Please join me in co-sponsoring this pro-growth, pro-business and pro-jobs legislation.
Introduced as HB1101
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will introduce legislation that will increase the percentage rate cap for net loss deductions, otherwise known as net operating loss (NOL), an entity may carry forward. The current percentage is 40%. My legislation increases that rate to 45% in taxable year 2020 and 50% in taxable year 2021.
Early stage companies often incur tax losses in their first few years of existence, while they are building and growing. Mature companies, which operate in industries that fluctuate with the business cycle, can have significant loss years followed by years of profitability. Net operating loss deductions are important for companies of all sizes because they offer a degree of taxpaying consistency for businesses that might experience significant profits during a boom cycle and significant losses during recession cycle. It is also important to encourage companies to invest in technology or other aspects of the business that are required for growth. Set off and carry forward of losses is good for the long-term health of companies because it helps them even out their income while at the same time incentivizing them to invest in growth.
During the recession of 2008, many companies had generated net operating losses and subsequently utilized them when the economy recovered from recession. NOLs are important assets for companies. It works on the pay as you earn principle. When Company ‘X’ earns profits it pays taxes, when it incurs loss, it gets some relief.
Please join me supporting this legislation which send the message that Pennsylvania is open for business.
Introduced as HB1102
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will be introducing the Keystone Energy Enhancement Act (KEEA), a piece of legislation designed to facilitate economic growth and encourage capital investment within Pennsylvania’s natural gas, manufacturing, and petrochemical industries.
Using preexisting statutory framework, the KEEA would establish an instrumentality of the Commonwealth known as the Keystone Energy Authority (KEA). The KEA will be governed by a seven-member board of industry experts with clearly-defined powers and responsibilities. The legislation prescribes board composition and membership criteria, meeting schedules, policies and procedures, as well as duties of board members.
The preeminent responsibility of the KEA will be to administer the Keystone Energy Enhancement Zone (KEEZ) Program, which is modeled after the successful Keystone Opportunity Zones Program.
The KEA will authorize up to 20 Keystone Energy Enhancement Zones across all regions and corridors of the Commonwealth. Natural gas, manufacturing, petrochemical, and other downstream businesses operating within a zone will be eligible for state and local tax exemptions, deductions, abatements, and credits for a 10-year period.
In addition to administering the KEEZ Program, the KEA will be responsible for:
Introduced as HB1103
|Description:||As part of the “Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will introduce legislation that expands the valuable Pipeline Investment Program (PIPE) grant program.
To fully realize the benefits of Pennsylvania’s vast energy resources, it is critical to make low-cost natural gas energy available to Pennsylvania’s residents, manufacturers, and pad-ready sites. Manufacturers will have a significant competitive advantage in production costs and Pennsylvania communities will be able to attract new manufacturing enterprises with readily available access to natural gas.
This legislation will make grants available to construct the last few miles of distribution lines to business parks and existing manufacturing and industrial enterprises, will accelerate beneficial deployment of low-cost energy and will result in the creation of new economic base jobs in the Commonwealth while providing access to natural gas for residents.
My legislation accomplishes the following:
Introduced as HB1104
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will introduce legislation to amending Title 27 (Environmental Resources) to require the Department of Community and Economic Development (DCED) to establish a registry for abandoned manufacturing sites across the Commonwealth.
The registry will include the following information:
• Name and contact information of the current owner;
• Legal description of the site; and
• The current condition of the property (to include brownfield status).
The Commonwealth has existing properties that might be attractive to entities looking to relocate to the state. By establishing this registry, the state is making it clear that PA is open for business and we have available sites open for development and repurposing.
My legislation is a proactive step toward having a central repository businesses’ can search when they are looking for properties to develop.
Please join me in cosponsoring this legislation.
Introduced as HB1105
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will introduce legislation to further incentivize businesses to remediate Commonwealth lands that pose a current or future risk to the health and safety of our residents.
My legislation will do this by building on the current success of Act 2 to create a consolidated standards permit. People who are awarded this permit would not be required to obtain separate authorizing permissions, thus, streamlining the process for permitees, as well as the Department.
Obtaining numerous permits and receiving a timely response has become a deterrent to businesses and corporations looking to locate or expand their footprint. Let’s streamline this process and make Pennsylvania attractive to those who want to do business here. The Commonwealth is open for business and our policies should reflect this.
Please join me in supporting this modernizing legislation that promotes the cleanup of contaminated lands.
Introduced as HB1106
|Description:||As a part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I plan to introduce legislation that overhauls the permitting process for all general and individual environmental permits, as well as general plan approvals. Currently, businesses and corporations are faced with extreme wait times, causing uncertainty in projects. This affects the business climate of the Commonwealth, and costs businesses incredible amounts of money in the process.
My legislation provides for the following:
Introduced as HB1107
|Description:||As part of the ‘Energize PA’ package, a pro-growth, pro-jobs package of eight bills that puts more people to work without increasing taxes and fees, I will introduce legislation that will create the Pennsylvania Permitting Commission as an independent commission. For far too long the Department of Environmental Protection (DEP) has been overly-burdened by the administrative function of collecting applications and approving permits. This legislation will alleviate DEP of that burden.
DEP currently has two core functions:
Highlights of the commission are as follows: