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Budget Bill Passed | What About Small Business?

The Bill: SB 160 Senator Scott Martin (R) 

Title: appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt, and the public schools for the fiscal year July 1, 2025, to June 30, 2026. 

Read Governors signed Budget

What Does it Mean:  Here are a couple of highlights:

  • HB 416: Working PA Tax Credit:  authorizing the $193 million program for 600,000+ low-income households.  
  • Withdrawal from RGGI (Regional Greenhouse Gas Initiative) an energy tax.
  • Reforms to DEP permitting keeping PA Competitive with deadlines.
  • CNIT (Corporate Net Income Tax) still declining.
  • Leaving $8B in the Rainy-Day Fund…..

The Go Big Small Biz Network’s Position: Waiting for IPO (Independent Fiscal Office) breakdown next Thursday.

Senate Votes: 40-9-1

House Votes:  156-47

Article: Penn-Capital-Star

The Go Big Small Biz Network exists to prevent government overreach into small businesses. We are funded by our monthly subscribers of $19/monthly. Please Join the movement.

Any Questions? Email me, tracey@gobigsmallbiz.com

Thanks,
Tracey and Jeff Wakeen

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