NFIB Kills the Death Tax
NFIB successfully led the fight to repeal the Death Tax on businesses with assets up to a million dollars. Now the heirs to a family business won’t have to close up shop or liquidate assets when the owner dies just to pay the tax.
Previously NFIB was successful in having the Death Tax repealed for family farms.
NFIB Repeals the State Tax on Small Business Loans
When small business owners loaned their company money from their salary, they had been forced to pay a state loans tax. NFIB successfully got that repealed by explaining to lawmakers not only was it hindering small-business growth, but the money was being taxed twice…once as income and again as a loan.
NFIB Defeats Mandated Paid Leave In Philadelphia
This would have required companies with as few as 5 employees to provide sick leave to all workers
Successfully Stops Triple Dipping by State Employees into Unemployment Funds
Retired state employees collecting a state pension were allowed to work another job for a set period of time. It became known that after leaving that second job they were also collecting unemployment. NFIB worked to successfully bar this practice.
Ongoing Reductions in the Capitol Stock and Franchise Tax
NFIB successfully fought to lower this tax to .67 mils.
NFIB Enacts Start-Up Deduction
NFIB led the fight to enact this $5000 start up deduction for brand new companies.
Defeats Annual Business Privilege Fee
Resulted in $1000 savings per business per year.
Unemployment Insurance claims relief
Saved businesses as much as $400 per employee