Our Goals for Spring 2008

• Remove the cap on net operating loss (NOL) carryforwards, which will even the playing field for many types of Pennsylvania businesses, especially cyclical businesses and those with high-growth potential

• Create a single sales factor (SSF) apportionment formula, removing the disincentive for employers to grow jobs and investment in Pennsylvania

How We Will Achieve Our Goals

• Senate Bill 1229 (PDF file) - The High Tech and Manufacturing Stimulus Act will remove the cap on NOL carryforwards and create a SSF formula.
  • Summary of SB 1229 (PDF file)

• HBl 2504 (PDF file) - more than 130 Representatives support this bill which will remove the cap on NOL carryforwards and create a SSF formula.

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