York County House Republican Delegation Hails Signing of Bill to Promote Economic Development

HARRISBURG – Aiming to promote economic development across York County and the entire Commonwealth, the county’s House Republican delegation praised Gov. Tom Corbett’s signing into law on Wednesday House Bill 465, the Tax Code portion of the 2013-14 state budget package.  Members of the delegation include House Majority Whip Stan Saylor (R-Red Lion), along with Reps. Seth Grove (R-Dover), Keith Gillespie (R-Hellam), Ron Miller (R-Jacobus), Mike Regan (R-Dillsburg) and Will Tallman (R-Hanover).

“From job creation and public safety to fiscal responsibility and holding the line on taxes, the 2013-14 Tax Code represents the top priorities of many Pennsylvanians,” Saylor said.  “In our previous two budgets, House Republicans erased a $4.2 billion deficit left by the lavish spending of the previous administration, putting us in a position this year to reform our business laws to create more jobs without placing further financial burdens on Pennsylvania families.  Another tool for the toolbox for York County, and specifically for the City of York, is the City Revitalization and Improvement Zone Tax credit (CRIZ) incentive to attract many developers to our area without jeopardizing current state tax revenues.  By reinvesting state and local tax funds directly back to the city, the city and surrounding areas can grow and encourage private development.”

Grove stressed the delegation’s success at getting this key economic development tool included in this year’s budget as York City continues its revitalization efforts, noting also the support for small airports contained in the bill.

“The CRIZ will no doubt provide economic development and job creation opportunities within cities across the Commonwealth, including York City,” said Grove, noting that such revitalization projects could include site preparation, facility renovations and reconstruction projects.  “Organizations in York City have made great strides over the past few years to improve its community, and this tax credit will aid its revitalization efforts.  While some may take the view that since they don’t live in the city, this doesn’t matter to them, the fact is that a healthy economy in York City benefits all residents of the county because increased commerce does not stop at the city’s borders.  I am also especially encouraged that we were able to help travelers who use York Airport, and other small airports across the state, by excluding the sale of aircraft parts, services and components from the Sales and Use Tax.

A number of reforms included in House Bill 465 amend the tax code to create a climate where job creators can succeed and appropriately generate revenue for Pennsylvania to allow the Commonwealth to  adequately fund core functions of government such as public education and public safety.

This legislation will do the following:

    • Completely eliminate inheritance taxes when a spouse is the claimant of the estate.
    • Create a start-up business deduction of $5,000 from taxable income in the first year a business is established.  
    • Level the playing field by ensuring that all banks doing business in Pennsylvania are subject to the same taxation regardless of the location of their branches or offices.
    • Close tax loopholes that drain revenue from Pennsylvania — most notably, the Delaware loophole.
    • Enhance the public safety of communities by exempting volunteer fire and volunteer rescue companies from the realty transfer tax when merging or consolidating or just conducting a normal sale or acquisition of real estate.
    • Ensure that students will continue to be able to receive the Educational Opportunity Scholarship Tax Credit, even if the student’s school or residence is removed from the low-achieving schools list. 
York County House Republican Delegation
Pennsylvania House of Representatives
Media Contact:  Lauren Whetzel
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