| |
|
| |
| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
| |
| HOUSE RESOLUTION |
|
| |
| |
| 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 |
| |
1 | Directing the Legislative Budget and Finance Committee to |
2 | undertake a study of the fairness of implementing mandatory |
3 | combined reporting as well as the other major recommendations |
4 | of the Pennsylvania Business Tax Reform Commission. |
5 | WHEREAS, On March 4, 2004, the Governor created the |
6 | Pennsylvania Business Tax Reform Commission; and |
7 | WHEREAS, The Commission was comprised of 12 business |
8 | professionals appointed by the Governor and leaders of each of |
9 | the four caucuses of the General Assembly; and |
10 | WHEREAS, The Commission was tasked with evaluating |
11 | Pennsylvania's business tax structure and recommending revenue- |
12 | neutral changes to increase fairness and competitiveness; and |
13 | WHEREAS, On November 30, 2004, the Commission issued a final |
14 | report to the Governor and members of the General Assembly; and |
15 | WHEREAS, Among the major recommendations of the Commission |
16 | was implementation of mandatory combined reporting, commonly |
17 | known as "closing the Delaware loophole"; and |
18 | WHEREAS, Despite projections that mandatory combined |
|
1 | reporting would generate nearly $500 million of tax revenue |
2 | annually, implementation of mandatory combined reporting has not |
3 | been seriously considered by the General Assembly; and |
4 | WHEREAS, The Governor and the General Assembly must seriously |
5 | consider all fair and responsible options to address the |
6 | projected $4 billion budget deficit for fiscal year 2011-2012; |
7 | therefore be it |
8 | RESOLVED, That the House of Representatives direct the |
9 | Legislative Budget and Finance Committee to undertake a study of |
10 | the fairness of implementing mandatory combined reporting as |
11 | well as other major recommendations of the Pennsylvania Business |
12 | Tax Reform Commission; and be it further |
13 | RESOLVED, As part of the study, that the Legislative Budget |
14 | and Finance Committee determine a fair competitive tax ratio for |
15 | all types of business to pay; and be it further |
16 | RESOLVED, That the Legislative Budget and Finance Committee |
17 | issue a report on its findings and recommendations to the |
18 | Speaker and Minority Leader of the House of Representatives no |
19 | later than 180 days after the adoption of this resolution. |
|