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Senate Finance Committee |
459 Main Capitol Building Harrisburg, PA 17120-3016 (717) 787-1349 |
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Senator Patrick M. Browne |
Stacey M. Connors, Esq. Executive Director sconnors@pasen.gov |
Finance Committee Meeting
Wednesday, January 16, 2008
9:30 a.m., Room 461 Main Capitol
Please click on the bill to view the summary. This will open a PDF file in a new browser.
Senate Bill 1229 (Senator Browne and Senator Fontana): The High-Tech & Manufacturing Stimulus Act. The bill has two main components: 1) the bill gradually adjusts the apportionment formula for the Corporate Net Income Tax (CNIT) to a formula based exclusively on a corporation's sales (Single Sales Factor); and, 2) the bill phases out a longstanding, job crushing cap on the ability of cyclical companies (i.e., manufacturers and high tech companies) and start-up companies to offset income with losses – called the Net Operating Loss Cap.
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Main District Office |
Harrisburg 459 Main Capitol Harrisburg 17120 717-787-1349 FAX: 717-772-3458 TTY: 800-364-1581 |
Western Lehigh County Upper Macungie Township Building 8330 Schantz Road Breinigsville 18031 610-366-2327 FAX: 610-366-2329 |
Monroe PO Box 16 Saylorsburg 18353 (Located at intersection of Old Route 115 and Route 209) 570-402-1499 FAX: 570-402-0746 Mon, Tue, Thurs, Fri 8 AM to 4 PM Saturday 7 AM to 1 PM Evening Hours by Appointment |
East Allentown Lehigh Valley Career Link Building 1601 Union Boulevard Allentown 18109 610-821-6813 FAX: 610-841-1137 Monday-Tuesday 9 AM to 4 PM |
East Allen Township
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