FOR IMMEDIATE RELEASE
HARRISBURG, PA (July 12, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy association, released the following statement by Assistant State Director Melissa Morgan commenting on the Legislature’s final passage and Gov. Josh Shapiro’s signing last night of a new state budget.
“NFIB is pleased that the recently enacted 2024-25 state budget does not contain new or increased taxes on the small business community. However, we are disappointed that no small business tax reforms, including authorizing pass-through entities to utilize net operating losses the same as large corporations, repeal of accelerated sales tax prepayments, or a personal income tax deduction, were part of the final plan.”
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For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.
