Estimated read time: 2 minutes
The Bill: HB1129 Rep Paul Friel(D)
Title: Sale of Net Operating Losses
What Does it Mean: This legislation creates a Net Operating Loss Transfer Program in Pennsylvania, allowing certain start-up companies (primarily in biotech, tech, and similar innovative sectors) to sell their unused net operating losses (NOLs) to profitable Pennsylvania-based corporations. This provides non-profitable startups with immediate cash without diluting equity or taking on debt.
Votes:198-1 House, now moves to the Senate.
The Go Big Small Biz Network’s Position: AGREE, Why? This bill aims to make PA more competitive for attracting and retaining innovative startups by providing an alternative funding mechanism—It’s supports job creation in high-growth industries. It’s particularly relevant for small businesses and entrepreneurs in emerging sectors who face cash flow challenges in early years.
The Bill: HB1923 Rep Jim Haddock (D)
Title: Meat Packing and Food Processing Protection Act
What Does it Mean: This legislation aimed at improving workplace safety and health protections specifically for workers in the meat packing and food processing industries.
Votes: 14-12 Labor&Industry
The Go Big Small Biz Network’s Position: Oppose, Why? #1-Increased Bureaucracy and Red Tape, #2-Higher Costs for Businesses, #3-Duplication of Existing Federal/State Requirements, #4-Industry-Specific Targeting
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
