Friday, March 6, 2015

Sales Tax Hike To Start Oct. 8

Buy those electronics fast!

Sales Tax Hike To Start Oct. 8

The sales tax increase is set to last five years and is expected to raise $580 million. (Sharon Gekoski-Kimmel/Staff Photographer)
The sales tax increase is set to last five years and is expected to raise $580 million. (Sharon Gekoski-Kimmel/Staff Photographer)

Buy those electronics fast!

Philadelphia's sales tax hike will go into effect on Oct. 8, according to Janel Miller, spokeswoman for the Pennsylvania Department of Revenue

The sales tax will go from 7 cents to 8 cents on the dollar. Two cents will come to the city and the rest to the state. The increase -- which was approved last week by the state legislature to help the city balance the budget -- is set to last five years and is expected to bring $580 million during the time.
 

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William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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