Mike Turzai

==Background==
* R., PA Represenative
* Involved in the bailout. His web site has notes on the situation.
==Links==
* State House Page
* www.Rep Turzai.com
* http://teamturzai.com/ Coming soon as of May 22, 2006
==Issues==
* Turzai's Job-Creation Tax Relief Package Signed Into Law - 7/13/2006
===House Bill 859 provides for three significant tax relief measures.===
Nearly $145 million in tax relief will be provided over the next two years by increasing the net operating loss carry-forward cap and changing the formula used to calculate
Pennsylvania's Corporate Net Income (CNI) tax. 
An additional $20 million in tax relief will be provided during the same time period
through enhancements to the current research and development tax credit.
The net operating loss carry-forward allows companies to use past
business losses to offset future tax liabilities. 
Under Turzai's bill, the amount of losses a company can carry forward will increase from $2
million to the greater of $3 million or 12.5 percent of the company's
taxable income. This means a company showing $100 million profit can use
prior losses of up to $12.5 million to offset that profit in a taxable
year. 
Net operating loss carry-forward provisions are important to
corporate employers that experience cyclical downturns, like those in
manufacturing, and to tech companies, which almost always experience
losses in their early years. 
Turzai's bill also moves
Pennsylvania closer to a single-sales factor for computing the state CNI
tax. 
The current CNI formula taxes businesses on three factors:
in-state payroll at 20 percent, 
in-state property assets at 20 percent,
and in-state sales at 60 percent. 
Taxing property and payroll penalizes companies that have located in Pennsylvania. Under Turzai's bill, the sales factor will increase to 70 percent and the other two factors will
be lowered to 15 percent each beginning Jan. 1. 
Finally, the bill increases the maximum amount of available research and development tax
credits from $30 million to $40 million. 
Many of the tax relief measures
in this bill were first introduced in the Keystone Manufacturing
Initiative (KMI). 
The KMI is a package of legislation promoting job
growth by reducing the tax and regulatory burden on Pennsylvania
employers. 
"This legislation is a good first step toward making Pennsylvania more competitive for employers, thereby promoting job growth," Turzai said. "We need to do more, but we're heading in the
right direction.
==Insights==
* Working with Jerry Bowyer
* Has younger kids who swim on the NA swim club.
==Details==
Turzai