Bill Text: PA HR286 | 2011-2012 | Regular Session | Introduced

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Bill Title: Directing the Legislative Budget and Finance Committee to undertake a study of the fairness of implementing mandatory combined reporting as well as the other major recommendations of the Pennsylvania Business Tax Reform Commission.

Spectrum: Moderate Partisan Bill (Democrat 15-2)

Status: (Introduced - Dead) 2011-05-11 - Referred to FINANCE [HR286 Detail]

Download: Pennsylvania-2011-HR286-Introduced.html

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PRINTER'S NO. 1863
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE RESOLUTION
No. 286 Session of2011
INTRODUCED BY CONKLIN, K. BOYLE, CALTAGIRONE, COHEN, DALEY, DeLUCA, FABRIZIO, GEORGE, GOODMAN, HENNESSEY, KORTZ, M. O'BRIEN, THOMAS, WHITE, YOUNGBLOOD AND DONATUCCI, MAY 11, 2011
REFERRED TO COMMITTEE ON FINANCE, MAY 11, 2011
A RESOLUTION
Directing the Legislative Budget and Finance Committee to
undertake a study of the fairness of implementing mandatory
combined reporting as well as the other major recommendations
of the Pennsylvania Business Tax Reform Commission.
WHEREAS, On March 4, 2004, the Governor created the
Pennsylvania Business Tax Reform Commission; and
WHEREAS, The Commission was comprised of 12 business
professionals appointed by the Governor and leaders of each of
the four caucuses of the General Assembly; and
WHEREAS, The Commission was tasked with evaluating
Pennsylvania's business tax structure and recommending revenue-
neutral changes to increase fairness and competitiveness; and
WHEREAS, On November 30, 2004, the Commission issued a final
report to the Governor and members of the General Assembly; and
WHEREAS, Among the major recommendations of the Commission
was implementation of mandatory combined reporting, commonly
known as "closing the Delaware loophole"; and
WHEREAS, Despite projections that mandatory combined
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reporting would generate nearly $500 million of tax revenue
annually, implementation of mandatory combined reporting has not
been seriously considered by the General Assembly; and
WHEREAS, The Governor and the General Assembly must seriously
consider all fair and responsible options to address the
projected $4 billion budget deficit for fiscal year 2011-2012;
therefore be it
RESOLVED, That the House of Representatives direct the
Legislative Budget and Finance Committee to undertake a study of
the fairness of implementing mandatory combined reporting as
well as other major recommendations of the Pennsylvania Business
Tax Reform Commission; and be it further
RESOLVED, As part of the study, that the Legislative Budget
and Finance Committee determine a fair competitive tax ratio for
all types of business to pay; and be it further
RESOLVED, That the Legislative Budget and Finance Committee
issue a report on its findings and recommendations to the
Speaker and Minority Leader of the House of Representatives no
later than 180 days after the adoption of this resolution.
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