Rep. Josh Kail (R-Beaver/Washington) offers hope to Pennsylvania through the introduction of commonsense legislation that would uncap businesses. Net Operating Loss (NOL) carries forward deductions by 2025. This dynamic tax strategy will empower small businesses and make Pennsylvania more attractive to, and competitive, with new businesses.

Currently, Pennsylvania caps a business’s NOL carryforward deduction at 40% of taxable income. Pennsylvania is one of the only two states that cap NOL deductions below the federal limit (80% of taxable income). For start-ups, which likely experience losses in their first few years, this cap is a penalty. The same goes for manufacturers in the commodity markets who often have major fluctuations in profits and losses.

PennDOT District 11 is announcing the overnight closure of the ramp carrying northbound I-79 traffic to Route 51/Coraopolis/McKees Rocks (Exit 64) in Robinson Township, Allegheny County will occur Friday, May 31, and Saturday, June 1 weather permitting

The ramp carrying traffic from northbound I-79 to Route 51/Coraopolis/McKees Rocks (Exit 64) will close to traffic from 7 p.m. Friday night, May 31 continuously through 5 p.m. Saturday, June 1 to allow the crew to conduct paving operations. Ramp traffic will be detoured. Please use caution when traveling through the work zone.

The jury in Donald Trump’s criminal trial in New York is set to begin deliberations Wednesday, marking the beginning of the end of the first criminal trial against a former president in U.S. history.

The jury will be tasked with reaching a unanimous verdict on each of the 34 felony counts of falsification of business records that Trump faces. Prosecutors allege he disguised the purpose of a year’s worth of reimbursements to his attorney Michael Cohen, who paid $130,000 in “hush money” to adult film star Stormy Daniels before the 2016 election. Trump has pleaded not guilty.

Two people were missing and seven were injured when a natural gas explosion caused extensive damage to a building in Youngtown, Ohio.

The explosion, which occurred around 2:45 p.m. Tuesday, blew off the façade of the Realty Tower. Firefighters helped some people get out of the building, which houses a Chase Bank on the ground floor and has apartments in upper floors.

Youngstown Fire Chief Barry Finley said a man and a woman were missing following the blast.

The blast collapsed the first floor into the basement, Finley said, and the building’s structural integrity is in question so no firefighters were being allowed in to conduct a search.

The seven injured people were taken to Mercy Health Hospital in Youngstown. A hospital spokesperson said one person was in critical condition, but did not release further details.

A  post by the Mahoning County Emergency Management Agency said there was a natural gas explosion and the situation is “fluid but under control.”

The blast shook the downtown area of the city of about 60,000 residents. Bricks, glass and other debris littered the sidewalk.

HARRISBURG – Rep. Josh Kail (R-Beaver/Washington) offers hope to Pennsylvanians through the introduction of commonsense legislation that would uncap businesses’ Net Operating Loss (NOL) carryforward deductions by 2025. This dynamic tax strategy will empower small businesses and make Pennsylvania more attractive to, and competitive for, new business.

 

Currently, Pennsylvania caps a business’ NOL carryforward deduction at 40% of taxable income. In fact, Pennsylvania is one of only two states that cap NOL deductions below the federal limit (80% of taxable income). For start-ups, which likely experience losses in their first few years, this cap is a penalty. The same goes for manufacturers in the commodity markets who often have major fluctuations in profits and losses.

 

“Making Pennsylvania business-friendly is not just a goal; it’s a fundamental necessity, which is why I am calling for an end to the start-up penalty,” said Kail. “My legislation promotes a tax structure that is beneficial for entrepreneurs and cyclical businesses, both of which are critical to a healthy economy. By uncapping NOL deductions, we achieve an environment that welcomes innovation and fosters opportunities for family-sustaining jobs. My legislation establishes hope for enhancing the quality of life for all residents of the Commonwealth.”

Beaver County Radio News Staff. Published May 28, 2024 1:57 A.M.

(Center Township, Pa) Center Township Police are asking the public for help locating a person responsible for damage at an ATM. Police say on May 9th at approximately 6:30pm, a driver who was caught on camera had entered the ATM drive through at Huntington Bank at the Beaver Valley Mall. The male caused disabling damage to the ATM and fled the scene. Anyone with information is asked to contact the non-emergency number at 724-775-0880 and ask to speak with a Center Township Police Officer.

Story by Sandy Giordano – Beaver County Radio. Published May 28, 2024 1:55 P.M.

(Aliquippa, Pa) Some residents in the Aliquippa and Hopewell township area experienced cable, internet and phone outages early Tuesday morning. The area behind Hopewell Shopping Center was restored just after 8 am. Periodically, the provider does updates causing issues for those that use internet and phone for work or emergencies, when they have no cell phones.

It started on Tuesday at 7 a.m. with a right lane closure heading toward Rochester. PennDOT said that will last just one week, but not long after that in mid to late June, the entire bridge will shut down for 67 days. It’s part of a nearly $6.7 million project to rehab and preserve the structure.

The detour will take drivers down to the Monaca East Rochester bridge. That detour brings concerns about the heavy traffic now traveling through downtown Monaca.

The bridge will still be open for pedestrians and bicyclists during the full closure. The hope is for the entire project to be wrapped up by the end of the year.

Pennsylvania lawmakers want Gov. Josh Shapiro’s Department of Aging to disclose more about the shortcomings it finds when it evaluates whether county-level agencies are properly investigating complaints about the abuse or neglect of older adults.

The effort comes as Republican state lawmakers have pressed Shapiro’s administration to do more to investigate the deaths of older adults who are the subject of an abuse or neglect complaint after Pennsylvania recorded a steep increase in such deaths.

Rep. Louis Schmitt, R-Blair, introduced legislation Wednesday requiring the department to publish the compliance status of each of the 52 county-level agencies that it’s supposed to inspect annually, and to publish a report on the findings.

“The public needs to know. The public deserves to know. The public has a right to know,” Schmitt said in an interview. “You cannot hide if you’re going to conduct public business, especially public business that affects the health and safety and welfare of seniors in Pennsylvania.”

The department told lawmakers earlier this year that it had deemed seven of the agencies to be noncompliant. The year before that, 13 were noncompliant when lawmakers asked.

Story by Curtis Walsh – Beaver County Radio. Published May 26, 2024 1:06 P.M.

(Aliquippa, Pa) Numerous crews responded Sunday morning to the scene of a dump truck crashed into a building. The incident took place in the 400 block of Franklin Avenue in Aliquippa.

We currently do not have an official report on any injuries, but a man was seen talking to police with a bandage and visible injuries on his face. It is unclear if anyone was inside the building at the time.

Beaver County Radio was on scene as the truck was pulled out of the building shortly before 12:30pm. The entire entrance to the building was destroyed. Fluids did appear to leak from the truck but crews had them under control.

We currently do not have word on what caused the accident. We are working on gathering more details.

Photos from the scene: