Grove Supports Effort to Make Pennsylvania Tax Laws Competitive With Surrounding States
1/25/2012
HARRISBURG – At a press conference at the State Capitol this morning, Rep. Seth Grove (R-Dover) hailed a proposal to level the playing field for Pennsylvania businesses, which will allow the Commonwealth to attract job creators from around the nation. The measure would reform the state’s tax system by addressing the “Delaware Loophole” and would create a more competitive business tax structure for all employers.

“Closing the Delaware Loophole and reforming our tax structure are important components to supporting Pennsylvania’s overall economic recovery,” said Grove. “We must prove to employers we are serious about fostering an environment welcoming to job creators. Unemployment is historically high, and people want to get back to work. This tax reform effort will help to attract additional employers to the Keystone State.”

Grove is co-sponsoring House Bill 2150, introduced by Rep. Dave Reed (R-Indiana). The legislation would use an “expense add-back” provision to close the Delaware Loophole. Corporations will be required to “add back” deductions taken on the types of transactions which are used to reduce all taxes in Pennsylvania. Similar legislation has been enacted in 23 other states.

The legislation is aimed at simplifying the tax structure, leveling the playing field for businesses large and small and making Pennsylvania’s business taxes more transparent. The end goal is to reduce the Corporate Net Income Tax and other levies job creators have identified as barriers to setting up shop in the Commonwealth.

House Bill 2150 is awaiting referral to a standing committee.

More information about Grove and his legislative priorities is available at RepGrove.com or Facebook.com/RepSethGrove.

State Representative Seth Grove
196th District, Pennsylvania House of Representatives
Contact: Nicole Wamsley
nwamsley@pahousegop.com
717.783.8063
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