In this Update:
Reuniting Veterans with Military Decorations
The Pennsylvania Treasury’s vault holds tangible unclaimed property, including hundreds of military decorations that Treasury is working to return to each and every veteran or their family. There are military ID tags, pins, campaign ribbons and medals, Bronze Stars and Purple Hearts.
Most tangible property received by Treasury is auctioned off after about three years, but not military decorations. These symbols of sacrifice are kept in perpetuity and never sold.
Treasury has a database dedicated to military decorations so families can easily search to see if anything is waiting to be returned to them or a loved one. Click here to search the database of unclaimed military decorations.
Ensuring Pennsylvania Homes, Employers Have Access to Diverse Energy Options
The state Senate voted to ensure Pennsylvania homes and employers have access to diverse energy options.
Senate Bill 275, known as “Energy Choice” legislation, would limit municipal entities from banning a specific type of fuel source for appliances and heating homes or businesses. The language is fuel-neutral and is not specific to one energy source.
Pennsylvania’s history of energy choice has resulted in reductions in energy costs as well as emissions. While other states are seeking to ban fuel sources, such as natural gas, Pennsylvania residents have a myriad of energy options from which to choose, helping to keep energy bills lower. By allowing businesses to retain the option to choose energy sources, the bill helps employers stay competitive in an increasingly challenging global market.
The bill, which I cosponsored, now moves to the state House of Representatives for consideration.
Approving Tax Reform Measure for Small Business Employers
To help Pennsylvania move out of a pandemic economy and create jobs, the Senate passed a bill to bring state tax law governing expense deductions in line with federal law. It would eliminate the unequal treatment of small businesses in Pennsylvania.
The federal Tax Cuts and Jobs Act of 2017 raised the federal limit for IRS Section 179 expense deductions from $500,000 to $1 million annually. However, Pennsylvania law limits the deduction to $25,000 for personal income tax purposes, which covers S Corporations, partnerships and individuals.
The increase in limits makes it easier for employers to buy equipment and to invest, which promotes job growth in Pennsylvania.
Small businesses create 65% of the jobs in Pennsylvania. Passage of Senate Bill 349 is part of a broader recovery effort to rebuild Pennsylvania’s economy.
The bill, which I cosponsored, will be sent to the House of Representatives for consideration.
Green Light-Go Program Now Accepting Applications
Through the Pennsylvania Department of Transportation’s Green Light-Go Program, approximately $40 million is expected to be available to municipalities and metropolitan or rural planning organizations for upgrading traffic signals to light-emitting diode (LED) technology and intelligent transportation applications. It may also be used for autonomous and connected vehicle-related technology, performing regional operations such as retiming, developing special event plans, monitoring traffic signals and for maintaining and operating traffic signals.
Grant applications will be accepted through Jan. 14, 2022. Prior to application submission, applicants must complete and submit a Pre-Application Project Scoping Form to the appropriate Department Engineering District in accordance with the Green Light-Go Program Guidelines. Applicants must also update information in the Department’s Traffic Signal Asset Management System as indicated in the Green Light-Go Program guidelines available here.
Grant recipients must provide a 20% match of the grant awarded.
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