Tax Credits

GOODE Economic Investment Legislation Approved

City Councilman At-Large W. Wilson Goode, Jr.’s Economic Investment Package was approved by the Council’s Committee on Commerce and Economic Development. The third-term councilman, and chair of the committee, has introduced more than 50 bills to become law.

The New Philadelphia Job Creation Tax Credit Ordinance amends the program under which a credit against the City's business privilege taxes will be given to businesses that create new jobs within the City of Philadelphia. The businesses will receive a $3000 credit for each new job created for tax years 2010 and 2011.

The New Economic Partnership Ordinance amends the program providing a credit for contributions to community development corporations (CDCs) to allow two businesses to apply jointly for the credit.

The DCED Main Street Funding Ordinance authorizes the Commerce Director to file
an application with the Commonwealth's Department of Community and Economic

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