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March 2021 Edition
Welcome to the Pittsburgh Airport Area Chamber of Commerce Legislative Update February Re-Cap newsletter. We’ve gathered together information on relevant legislative movements that have happened in Pennsylvania’s General Assembly since our last update. Our government continues to work to find ways to help businesses that have struggled over the past year due to the COVID-19 pandemic. Below you’ll find information on programs that have recently passed and legislation that is still in progress.

Should you like additional information or to contact your local representatives, please click here.

ACTIVE:

Senate Bill 109 (Act 1 of 2021) - Appropriates $197 million in educational grants, $570 million for rental and utility assistance, and $145 million for grants to the restaurant and hospitality industry. The bill also exempts income received from the federal PPP from taxation under the state’s Personal Income Tax (PIT).

Restricted Tax Credit Bulletin 2021-01 - The bulletin provides guidance on educational tax credits – both the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) – that were awarded for the 2020-2021 fiscal year. It explains the limited ability to carry forward any credits that could not be used. This informational bulletin can be found here.

COVID-19 Hospitality Industry Recovery Program (CHIRP) - $145 million in funding will be distributed to all 67 counties to help support the Commonwealth’s hospitality industry. Information on this program can be found here.



INTRODUCED, NOT YET PASSED:

House Bill 198 - Would allow a net operating loss deduction up to 100% of income to allow companies a chance to recover and reinvest in the state. The additional 60% deduction can only be from losses that occurred in 2020, it does not apply to losses carried forward from prior tax years.

House Resolution 26 – Urges United States Treasury Department to extend the April 15, 2021 income tax filing deadline.