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Thursday, January 8, 2009
Councilman Goode to Introduce New Jobs Tax Credit Legislation

This just in from Councilman W. Wilson Goode:

Councilman Goode will introduce New Philadelphia Jobs Tax Credit Bill

(Philadelphia, January 8, 2009) – City Councilman At-Large W. Wilson Goode, Jr. will introduce the “New Philadelphia Jobs Tax Credit Bill” on Thursday, January 22 at council’s first session after winter break. The legislation establishes a two-year employment stimulus 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 credit is patterned after the New American Jobs Tax Credit proposed by the Obama campaign during the presidential election.

Councilman Goode said, “This legislation will help to attract and create jobs within Philadelphia. As we work toward economy recovery on all levels, business and job growth will require the right kind of financial stimulus. Objective analyses suggest that the federal New Jobs Tax Credit of 1977-78 was crucial to recovery from the economic recession in the mid-1970s. Our goal must be to maximize our competitiveness as the Obama Administration steers us toward economic recovery. This stimulus bill would expand upon the 3000-plus jobs already slated to be created under my existing program which was enacted in 2002.”


Posted by Catherine Lucey @ 12:00 PM  Permalink | File Under: City Council | 5 comments
Comments   
Posted 12:29 PM, 01/08/2009
FJG JR
Duh! Really?
Posted 01:06 PM, 01/08/2009
Adam Lang
Are employers goign to have to jump through hoops to get the credit like the current plan? To get the credit you actually have to setup a program with City Hall before you hire the workers. In other words, you can't "just create jobs" and get the credit. They have to be jobs that you created specifically for Philadelphia and planned ahead of time. So, if you are that little mom and pop business that decides to hire a new employee because work is increasing, no tax credit for you.
Posted 01:08 PM, 01/08/2009
jn3
Fire Latrice and we can pay for 30 new hires.
Posted 01:52 PM, 01/08/2009
CleanupPhilly
So Wilson got embarrassed, and he's going to start working again? Too little, too late, in my mind. Why not just abolish the BPT and collect the $522 million in overdue property taxes, which is another scandal even overriding Latrice's fully paid summer vacations? Goode can talk a good game, but for results, net is "eh." http://www.hallwatch.org/proptax/about/redelinq/stats/summary
Posted 02:06 PM, 01/08/2009
stop2think
Sure, come to Philly to work and if you can avoid the roaming bands of student thugs who beat up and kill hard working citizens you'll do just fine here.
5 comments
About Chris Brennan and Catherine Lucey
PhillyClout
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns.

Catherine Lucey joined the Daily News in 2002. Since then she has written about murderous drug gangs, political protesters and Harry Potter. For the past two years, she covered the 2007 mayoral election. Now that the battle is over, she has moved down to the City Hall bureau where she will report on the Nutter administration.

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Catherine Lucey
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