HARRISBURG – The Pennsylvania Chamber of Business and Industry today applauded members of the Senate Finance Committee for advancing two tax reform bills that will enhance the state’s business competitiveness and support economic growth.
Senate Bill 207 accelerates the reduction of Pennsylvania’s Corporate Net Income (CNI) tax rate to four percent by 2026, improving the Commonwealth’s ability to attract investment and create jobs. Separately, Senate Bill 473 restores the vendor discount for businesses that collect and remit sales tax, helping small businesses offset their costs.
“These bills are a win for Pennsylvania’s economy,” PA Chamber Senior Vice President of Government Affairs Alex Halper said. “A lower CNI makes our state more competitive and encourages job growth, while restoring the vendor discount provides much-needed relief for businesses facing rising costs. We urge lawmakers to move swiftly in advancing these commonsense, pro-business reforms.”