Finance Committee 2017-2018

The Senate Finance Committee met Tuesday, October 17, 2017, and reported the following bill from committee:

As Amended:

HB 984 (Mako): This bill extends the income tax check-off for the Military Family Relief Assistance Program.  Senator Hutchinson offered Amendment A03866, which extends the expiration to January 1, 2023, rather than indefinitely.  The amendment and the bill were unanimously adopted.


The Senate Finance Committee met Tuesday, February 7, 2017 and reported the following bills from committee:

As Committed
Senate Bill 7 (Folmer): Establishes the “Taxpayer Protection Act” to limit the growth of state government spending.

Senate Bill 173 (Bartolotta): A Joint Resolution amending the Pennsylvania Constitution to limit the growth of state government spending.

Senate Bill 201 (Folmer): This bill provides for classes of income by adding that the requirements of §1031 of the Internal Revenue Code of 1986 (26 U.S.C. 1031), referring to property that has been exchanged for similar property, shall be applicable. Senator Hughes offered an amendment that would have increased the poverty level exemption to $10,500. However, Senator Hutchinson made a motion to table the amendment and by a party line vote, 8-4, the amendment was tabled.

Senate Bill 202 (Eichelberger): Allows a small business to use the Net Operating Loss deduction. Senator Hughes offered an amendment that would have reduced the PIT to 2003 levels. However, Senator Eichelberger made a motion to table the amendment and by a party line vote, 8-4, the amendment was tabled.

Senate Bill 203 (Hutchinson): Increases the amount small businesses can deduct for depreciable property purchases to mirror the IRS limit.