(File Photo/Official Photo of Josh Kail) 

Story by Frank Sparks, Beaver County Radio News
(Harrisburg, Pa.) The Pennsylvania House of Representatives passed major economic ignition legislation to lower the Corporate Net Income Tax and provide additional tax relief to job creators as House Republicans continue their work to make Pennsylvania the economic Envy of the East.

House Bill 1960, penned by 15th District Rep. Josh Kail, would lower the Corporate Net Income Tax by one percentage point to 8.99 percent starting Jan. 1, 2023, with additional triggers to further lower the tax rate in future years.
The legislation would also provide additional tax simplification and fairness for Pennsylvania’s job creators by increasing the cap for net operating loss carry forwards.
The bill passed the House by a vote of 195 to 8 and now moves onto the Senate for approval.