Council introduces bill to fund entrepreneurs, approves over $5 million in police conduct settlements

Council introduces bill to fund entrepreneurs, approves over $5 million in police conduct settlements

Starting a new business in Pittsburgh and need an expensive permit? Maybe a new website or a hood on a stove?

New legislation proposed by Councilman Corey O’Connor (District 5) could mean there’s a grant for that.

The bill, proposed Tuesday, would direct the city’s Urban Redevelopment Authority to set up an Entrepreneur Support Fund that could provide grants or loans to fledgling small businesses in the city.

Tuesday, February 6, 2018/Author: Stephen Caruso
Categories: Pittsburgh
Lawmakers seek to protect small businesses from potential PIT increase

Lawmakers seek to protect small businesses from potential PIT increase

Republican members from both chambers Monday announced the introduction of the Small Business Tax Fairness package, legislation they say will help bring consistency and fairness to small businesses that pay the personal income tax.

The bills include House Bill 700—introduced by Rep. Steve Bloom (R-Cumberland)—which would allow for tax deferrals off of income made from like-kind exchanges; House Bill 701—introduced by Rep. Seth Grove (R-York)—which would allow small businesses paying personal income tax to use net operating losses to set off profits; and House Bill 702—introduced by Rep. George Dunbar (R-Westmoreland)—which would increase the section 179 threshold deduction to $100,000.

Monday, March 2, 2015/Author: Jason Gottesman
Categories: News and Views
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