Michael Nutter on Tax Reform

Lessen business tax to improve economic competitiveness

New City Council legislation eliminates business taxes and fees for new businesses that create jobs. Another bill establishes broad tax reduction for all businesses and a new structure for computing certain business taxes that will reward businesses located in the City of Philadelphia.

Together these path-breaking bills make Philadelphia more competitive, lessening the tax burden on firms based in Philadelphia and providing a particular benefit to new businesses and small businesses.

Source: 2011 Philadelphia Mayoral press release, "Competitiveness" , Nov 14, 2011

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