More Legislative Activity…
• House Bill 1550 (Milne-R-Chester) establishes the PA Business Development Authority as an attempt to consolidate several state loan programs into one entity. The PA Industrial Development Program as part of this consolidation specifies that loans made to an industrial project may not “cause the removal of an industrial enterprise, manufacturing enterprise, research & development enterprise, AGRICULTURE PRODUCER or AGRICULTURAL PROCESSOR from one area of this Commonwealth to another area of this Commonwealth.” Status: Presented to the Governor October 15.
• House Bill 1996 (Lawrence-R-Chester) seeks to clarify the amount and percentage of the total paid to dairy farmers that comes from “over order premiums”, the Milk Marketing Board fee that is supposed to be returned to the farmer to help offset production costs. Status: Passed House 153-42 on October 14 and referred to the Senate Agriculture & Rural Affairs Committee October 15.
• Senate Bill 76 (Argall-R-Schuylkill), the property tax reform bill to eliminate school property taxes and replace them with an increase in Personal Income Tax and elimination of numerous exemptions of the sales tax, was tabled by the Senate October 16, ending its legislative journey for this legislative session.
• Senate Bill 491 (Folmer-R-Lebanon) states that if an individual’s declaration of estimated tax shows 2/3 of total income for the year comes from farming, the estimated tax may be paid at any time of the year on or before January 15 of the succeeding year. Although originally non-controversial, the bill died when the House Finance Committee September 22 amended SB 491 to allow for taxation options in lieu of the traditional school district property tax.