Philadelphia Expands Sustainable Business Tax Relief

New sustainable businesses in Philadelphia will now be eligible to have a zero percent net profits tax rate. The rate will apply for the first three years that a business qualifies.

This is in addition to the existing business income and receipts tax zero percent rate for sustainable businesses in there first three years of operation.

Philadelphia Bill No. 170717, Philadelphia City Council, effective January 1, 2018

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All stories by: CCHTaxGroup