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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 | 6 comments
Comments   
  • 0 like this / 0 don't   •   Posted 12:29 PM, 01/08/2009
    Duh! Really?
    — FJG JR
  • 0 like this / 0 don't   •   Posted 1:06 PM, 01/08/2009
    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.
    — Adam Lang
  • 0 like this / 0 don't   •   Posted 1:08 PM, 01/08/2009
    Fire Latrice and we can pay for 30 new hires.
    — jn3
  • 0 like this / 0 don't   •   Posted 1:52 PM, 01/08/2009
    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
    — CleanupPhilly
  • 0 like this / 0 don't   •   Posted 2:06 PM, 01/08/2009
    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.
    — stop2think
  • 0 like this / 0 don't   •   Posted 5:14 AM, 07/20/2010
    Thanks. (HTML deleted)
    — nike shoes


6 comments
About The Philly Clout Team
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.
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics ­– which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Catherine Lucey joined the Daily News in 2002 and has written about murderous drug gangs, political protesters and Harry Potter. After covering the 2007 mayoral election, she moved over to the City Hall bureau where she has been reporting on the Nutter administration.
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans.
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Catherine Lucey
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Chris Brennan
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Jan Ransom
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