Small Business Tax Reform Bills Clear Committee Hurdle

From PA Chamber of Business & Industry

The PA House Finance Committee voted last week to advance three bills that would help small businesses in the Commonwealth compete on an even playing field.

House Bill 331 would bring the state’s Tax Code in line with federal law to allow for a tax deferral of a “like kind exchange” which is the disposal of an asset and the acquisition of a replacement asset without generating a current tax liability from the sale of the first asset – a tax strategy that operates in every state but Pennsylvania.

House Bill 332 would allow small businesses to use the Net Operating Loss deduction, helping those that pay the personal income tax to offset prior year financial losses with future year gains.

Lastly, H.B. 333 would bring the state’s Tax Code in line with the Internal Revenue Code and more than 30 other states to allow small businesses in Pennsylvania to take the full deduction for the purchase of qualifying equipment. Currently, Pennsylvania C-corporations are able to utilize the full $500,000 deduction allowed under the IRC; but companies filing personal income tax are limited to an amount of $25,000. Again, this makes Pennsylvania regrettably unique as the only state that allows for full equipment purchase expensing for larger businesses while disallowing smaller businesses to take advantage of the same deduction level.  The PA Chamber sent a memo to the committee in advance of the meeting that urged a “yes” vote on all three bills.

House Bills 331, 332 and 333 now await further consideration by the full House.

Bucknell SBDC Launches InnovateHER Business Challenge

State Representative Lynda Schlegel Culver and the Bucknell University Small Business Development Center (SBDC) announce the launch of the 2017 InnovateHER Business Challenge, a prize competition designed to unearth innovative products and services that help, impact and empower the lives of women and families.  Through InnovateHER, the U.S. Small Business Association (SBA) is seeking products or services that fill a need in the marketplace and have the potential for commercialization. As a regional host, the Bucknell SBDC will hold a local competition and nominate the winner to the SBA, who will then identify 10 finalists to vie for $70,000 in prize money. Prizes for Bucknell’s local competitors for 2017 will be announced using the hashtag #InnovateHER across @BucknellSBDC Facebook, Twitter, and Instagram accounts.

This competition will spur national conversation, collaboration, and cooperation at all levels to support women and families. Local competitions will be hosted to select entrepreneurs to advance to the semi-final round. From the pool of semifinalists, SBA will select up to 10 finalists who will be invited to the National InnovateHER: Innovating for Women Business Challenge in mid-2017.  Targeted applicants are entrepreneurs seeking consulting assistance from the SBDC or who have benefitted from the services of the center as they started and grew their businesses in central Pennsylvania. Entrepreneurs who have a product, service, or technology that has a positive impact on the lives of women and families should submit entries to the SBDC via email by May 11.

More information is available at the Bucknell SBDC website

Montour County Readdressing Meetings Scheduled

A series of public information sessions will be held in May to provide updates on the merger of the 911 centers between Columbia and Montour counties and readdressing in Montour County. Residents and commercial property owners in Montour County, Riverside Borough and Rush Township are encouraged to attend one of the following sessions.

  • Wednesday, May 10 – Danville Middle School, 120 Northumberland Road
  • Wednesday, May 24 – Anthony Township Municipal Building, 1295 White Hall Road
  • Thursday, May 25 – First Baptist Church of Danville, 20 Brookside Drive
  • Wednesday, May 31 – St. Peter’s United Methodist Church, 240 Sunbury Road, Riverside

The sessions are being hosted by the Montour County Commissioners and will begin at 7:00 p.m. Additional information on 911 readdressing is available on the Montour County website.

The Chamber supports the 911 consolidation to improve emergency response and to save costs in the long-term.

Leadership Central Penn to Hold Graduation May 18

Chamber members and the public are invited to the Leadership Central Penn graduation luncheon for the Class of 2017.

Date:     May 18, 2017
Place:    Frosty Valley Country Club, Danville
Time:    11:15 am – 1:30 pm

This year’s keynote speaker is Dr. Holly Morrison, President & CEO of the Central Susquehanna Community Foundation.  A full buffet lunch will be served.  The cost is $25 per person.  Checks can be made payable to The Foundation of the Columbia Montour Chamber of Commerce and mailed to the Chamber at 238 Market Street, Bloomsburg, PA  17815, or by calling the Chamber office with a credit card at 570-784-2522.  The deadline to sign up for the event is May 8.  Payment must be received by May 18. 

Below are members of the Leadership Central Penn Class of 2017.

Athena Aardweg
Northern Columbia Community & Cultural Center

Phil Baney
Autoneum North America, Inc.

Jordan Barbour
Geisinger Bloomsburg Hospital

Nikki Dietterick
First Keystone Community Bank

Gordy Evans
Geisinger Medical Center

Wren Fritsky
Bloomsburg University

Robert Geiger
Girton Manufacturing

Kevin Gordon
Autoneum North America, Inc.

Randy Hartranft
PPL Electric Utilities

Mark Hepler
Kawneer, an Arconic Company

Artur Jagielski
Kawneer, an Arconic Company

Megan Kiliti
Berwick Area Swimming Pool Association

Brian Klinefelter
First Keystone Community Bank

Shelly Tyson
Geisinger Medical Center

Aubry McConnell
Bloomsburg University

Christiana Paradis
The Women’s Center

Hannah Sick
First Columbia Bank & Trust

Cassie Weaver
Columbia Child Development Program

Renaissance Parking Regulations

The Bloomsburg Police Department issued the following press release regarding parking regulations during the Renaissance Jamboree this Saturday, April 29. 

The Bloomsburg Police Department would like to remind everyone of certain parking regulations enforced for The Annual Renaissance Jamboree taking place this Saturday, April 29, 2017. 

The event will close Main Street/SR0011 from Iron Street to Railroad Street, and Market St. from W. Ridge Ave to W. Pine Ave.  Uniformed officers, fire police and regulatory traffic control devices will detour traffic around Main Street using Railroad Street and 6th Street.  The event starts at 10 a.m. and runs through 5 p.m. and is a family oriented event.

No Parking is in affect daily on Main Street and Market Square from 2–5 a.m.  Parking will also be prohibited on Market Street from Main Street to Ridge Avenue and from Main Street to Pine Avenue.  Additional No Parking will be enforced at 3rd & Market Street near the Wesley Church and on Main Street at Iron in front of Saint Paul’s ChurchCars parked in these areas on Saturday will be ticketed and towed 2–5 a.m.. 

Portable restrooms will be located on Iron Street @ E. Main Street, on Center Street @ Main Street, at the Courthouse on Main St., and on Oyer Ave. @ W. Main St.

Handicapped Parking is available at the rear of the Public Library along W. Pine Ave.  Metered Parking is free on Saturday; however all other parking regulations will be enforced across the day. For more information call the Bloomsburg Police at 570-784-6779.