Sign In
Upcoming Event
Free Newsletter
PA Chamber Senior Vice President of Government Affairs Alex Halper said Senate Bills 207 and 473 are a win for Pennsylvania’s economy. PHOTO/PACAST
PA Chamber applauds advancement of pro-business tax bills
Ed Gruver//March 26, 2025//
Listen to this articleTwo tax reform bills aimed at enhancing Pennsylvania‘s business competitiveness and supporting economic growth have drawn the support of the Pennsylvania Chamber of Business and Industry.
Senate Bills 473 and 207 have been advanced by the Senate Finance Committee. The bills now move to the full Senate for consideration.
“These bills are a win for Pennsylvania’s economy,” PA Chamber Senior Vice President of Government Affairs Alex Halper said in a statement. “A lower CNI (Corporate Net Income) 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.”
Senate Bill 473 aims to eliminate the cap on the discount businesses receive for timely collecting and remitting state sales tax, a change that would reduce administrative burdens and support local job creators.
Sponsored by Sen. Kristin Phillips-Hill (R-York) and listing bipartisan co-sponsorship, the legislation is designed to provide tax relief for Pennsylvania’s small businesses by restoring the Sales and Use Tax Vendor Discount.
“Small businesses serve as the backbone of our local communities, and they should not be penalized for doing the state’s work in collecting and remitting sales tax,” Phillips-Hill said. “This legislation restores fairness and ensures we provide real relief to small businesses that have faced enormous cost pressures, especially since the COVID-19 pandemic.”
The bill would allow businesses to receive a full 1% discount and help offset the cost of compliance, including transaction fees, bookkeeping, and payment processing costs.
“Increasing costs for fuel, labor, rent, and supplies continue to strain small businesses across the commonwealth,” said Phillips-Hill. “This legislation sends a strong message that Pennsylvania values our small businesses and wants to remain competitive with neighboring states.”
Senate Bill 207, sponsored by Sen. Greg Rothman (R-Cumberland/Dauphin/Perry) is designed to expedite the reduction of Pennsylvania’s CNI tax rate to 4% by 2026, thus attracting investment and creating jobs, according to a release. The legislation amends the Tax Reform Code of 1971.
