Rep. George Dunbar

Maddy summaryThis Pennsylvania House Resolution designates the week of November 11 through 15, 2024, as Certified Public Accountant Week to recognize the profession's contributions to the state. The measure directly honors the more than 18,000 certified public accountants in Pennsylvania who work in public practice, industry, government, and education. By officially naming this specific week, the resolution aims to express appreciation for the financial and ethical services these professionals provide to taxpayers and businesses. This is a commemorative action rather than a law that changes operational rules or imposes new requirements.

Maddy summaryThis bill amends Pennsylvania's corporate tax code to clarify how businesses handle intangible expenses and interest costs when dealing with related companies. It establishes rules that generally disallow deductions for these specific costs in transactions between affiliated entities, but it also provides a credit to offset taxes paid by the related company on those same costs. The legislation includes exceptions for arm's length transactions, deals with foreign entities under specific tax treaties, and allows companies to choose how to calculate these adjustments. These changes apply to tax years starting after December 31, 2022, and directly affect corporations operating in Pennsylvania with related business entities.

Maddy summaryThis bill modifies Pennsylvania's tax laws by adjusting personal income tax rates and eliminating a specific tax on the gross receipts from the sale of electric energy. It requires electric utilities to pass the savings from these tax changes directly to consumers through reductions in state tax surcharges, with civil penalties of up to $5,000 for companies that fail to do so. Additionally, the legislation mandates that $6 million annually be transferred to the Alternative Fuels Incentive Fund starting in the 2024-2025 fiscal year. The bill also establishes a revenue-neutral reconciliation rule that will remain in effect until the end of 2024.

Maddy summaryThis bill directs $1 million from the state's education budget to cover capital-related costs and deferred maintenance at Pennsylvania's four chartered schools for the deaf and the blind. The funds are to be split equally between each of the four schools, with the change applying retroactively to July 1, 2022. By adding this specific provision to the Public School Code, the legislation also repeals an older section of the Fiscal Code that is no longer needed.