Select Page

Finance 2021-2022

The Senate Finance Committee met on Wednesday, June 23, 2021, to consider the following executive nominations to the State Tax Equalization Board (STEB):

  • Gary Baker
  • Brittany Mercadante

Both nominations were unanimously approved.

The Senate Finance Committee met on Monday, June 21, 2021, and took action as follows:

Reported as Committed:

HB 1348 (Saylor) – This bill amends the Fiscal Code to provide for the transfer of federal funds within the Department of Human Services.  The bill was unanimously approved.

The Senate Finance Committee met on Monday, June 14, 2021, and took action as follows:

Reported as Committed:

SB 347 (DiSanto) – This legislation amends the Tax Reform Code to allow for “like-kind” exchanges which would allow for businesses to reduce their tax liability when property is exchanged for similar property. The bill was approved by a vote of 9-2.

SB 447 (Brooks)This bill amends the Tax Reform Code to reduce the corporate net income tax from 9.99% to 6.99%. The bill was approved by a vote of 8-3.

SB 586 (Argall)This bill amends the Tax Reform Code to clarify nonprofit eligibility for participation in the Historic Preservation Tax Credit Program. The bill was unanimously approved.

HB 952 (Oberlander)This legislation would replace the sales and use tax refund program for data center equipment purchases with a tax exemption program. The bill was approved by a vote of 10-1.

The Senate Finance Committee met on Tuesday, June 8, 2021, and took action as follows:

Reported as Committed:

SB 368 (Bartolotta) – This bill allows small businesses to utilize a net operating loss (NOL) to reduce their PIT liability. In addition, businesses would be authorized to carry the NOL forward up to 20 years. The bill was approved by a vote of 9-2.

Reported as Amended:

SB 734 (Haywood) – This bill amends the Tax Reform Code to provide for the implementation of recommendations made by the 42nd Statewide Investigating Grand Jury Report, specifically in relation to the KIZ and R&D tax credit programs. Sen. Haywood offered amendment A01449 which adds potential fines on tax credit brokers in violation of this bill, allows the DOR to utilize risk scoring assessment criteria for tax credit applicants, narrows the legislation to only apply to transferrable tax credits, requires DOR/DCED to release additional information in their annual reports on tax credits/benefits, and creates an appeals process for applicants denied for a tax credit program. The amendment and the bill as amended were unanimously approved.

The Senate Finance Committee met on Tuesday, May 25, 2021, and took action as follows:

Reported as Amended:

SB 288 (Mensch) – This bill amends the Tax Reform Code to expand the Manufacturing Innovation and Reinvestment Deduction Act by expanding the minimum eligible capital investment.  Sen. Hutchinson offered amendment A01050 which creates two investment tiers and allows the deduction to be applied to a taxpayer’s taxable income in order to reduce their liability following the allocation and apportionment of income. The amendment was adopted by a vote of 7-3. The bill as amended was approved by a vote of 8-2.

Reported as Committed:

SB 681 (Yudichak) – This bill amends the Tax Reform Code to allow tax credits purchased in 2020 or 2021 to be carried forward one additional tax year. The bill was approved by a vote of 8-2

SB 682 (Yudichak) – This bill extends the eligibility timeline for the Keystone Innovation Zone (KIZ) tax credit program from 8 years to 10 years. The bill was approved by a vote of 8-2.

 

The Senate Finance Committee met on Tuesday, May 11, 2021, and took action as follows:

Reported as Amended:

SB 279 (Stefano) – This legislation will amend the Tax Reform Code to exempt firefighters from the sales and use tax when purchasing protective equipment and accessory communications equipment while using their personal funds.  Sen. Hutchinson offered amendment A00947 which expanded the legislation to include purchases made by fire police. The amendment was adopted, unanimously. The bill was reported out as amended, unanimously.

SB 568 (Argall) – This bill amends the Tax Reform Code to provide for the sales tax exemption of traffic signals to include all component parts of a traffic signal, foundation, pole and mast arms.  Sen. Argall offered amendment A00967 which created a definition of a traffic signal within the Tax Reform Code. The amendment was adopted by a vote of 10-1. The bill was reported out as amended by a vote of 10-1.

The Senate Finance Committee met on Monday, April 19, 2021, and took action as follows:

Reported as Amended:

HB 766 (Greiner) – This bill amends the corporate net income tax deadline and provides emergency state and local income tax authority to the Department of Revenue and the Department of Community and Economic Development. Sen. Browne offered Amendment A00697 which would provide permanent authority to DCED to deal with local taxation to allow them to extend the income tax due date to coincide with the Federal income tax filing deadline. The amendment was unanimously adopted. The bill was unanimously reported out as amended. 

SB 463 (Hutchinson) –This bill creates an exemption on equipment used in the construction and operation of computer data centers. Sen. Hutchinson offered Amendment A00740 which makes technical corrections to the bill. The amendment was unanimously adopted. The bill was approved by a vote of 8-3.

Reported as Committed:

SB 454 (Brooks) – This bill creates an annual $500 state tax credit for volunteer firefighters.  The bill was reported out unanimously.

SB 562 (Scavello) – This bill creates the Airport Land Development Zone tax credit program which provides a $2,100 tax credit to employers per full-time job created. The bill was reported out by a vote of 7-4.

The Senate Finance Committee met on Wednesday, March 24, 2021, and took action as follows:

Reported as Committed:

HB 230 (Ryan): This bill amends the Administrative Code to require the Independent Fiscal Office, upon request, to prepare a revenue estimate using dynamic scoring for any proposed legislation with a potential fiscal impact of more than $50 million. The bill was reported out by a vote of 7-4.

SB 74 (Martin): This bill amends the Tax Reform Code to provide for a pediatric cancer research tax credit. The credit would be capped at $10 million annually and expire after 10 years. The bill was reported out unanimously.

SB 286 (Bartolotta): This bill amends the Pennsylvania Constitution to limit the growth of state government spending. The bill was reported out by a vote of 7-4.

SB 325 (K. Ward): This bill amends the Tax Reform Code to provide a sales tax exemption for multi-purpose agriculture vehicles used for farming. These vehicles are currently tax exempt, but this legislation clarifies the applicable farming uses of these vehicles. The bill was reported out unanimously.

SB 343 (Mastriano): This bill amends the Tax Reform Code to further exempt Cervidae livestock operations from the Sales and Use Tax, specifically to exclude Cervidae, swine and exotic animals raised for entertainment hunts from taxation. The bill was reported out by a vote of 7-4.