September 30th, 2010

Councilwoman Maria Quiñones-Sánchez introduced a bill that would reform the city’s business privilege tax: It would raise the gross receipts tax and eventually kill the net income tax. According to co-sponsor Councilman Bill Green, this will remove the “disincentive for businesses” — especially small businesses — “to locate to Philadelphia.”

This is different from Mayor Nutter’s plan to kill the gross receipts tax and lower the net income tax by 6 percent.