HARRISBURG – Today, the Pennsylvania Chamber of Business and Industry led a coalition of statewide associations and chambers of commerce from across the Commonwealth in calling on Governor Josh Shapiro and members of the state legislature to support policies that will further improve the state’s business tax competitiveness.
In a letter, the coalition expressed appreciation for the legislature’s bipartisan efforts last year to advance significant tax reform and emphasized the urgency of building on these successes during the current legislative session, as other states pursue similar efforts to improve their tax structures to attract business investment.
“We appreciate these critical reforms and thank the General Assembly for the overwhelmingly bipartisan support” the letter reads. “At the same time, we know that other states are moving forward as well. We are in perpetual competition to cultivate and showcase an attractive business climate and urge your ongoing support for pro-growth tax policy initiatives that will make the Commonwealth more competitive.”
The coalition encouraged lawmakers to continue supporting pro-growth tax policy initiatives, such as improving the treatment of net operating losses (NOLs) and expediting the corporate net income (CNI) tax rate reduction phasedown, while cautioning policymakers from pursuing “burdensome tax increases or additional requirements” that would jeopardize Pennsylvania’s tax competitiveness.
Full text of the letter is available here.