Tuesday, June 30, 2015

Trying to Understand the BPT Debate?

City Council tomorrow will hold a hearing to review legislation that would radically change the way business taxes are levied in the city.

Trying to Understand the BPT Debate?


City Council tomorrow will hold a hearing to review legislation that would radically change the way business taxes are levied in the city.

Council members Bill Green and Maria Quinones-Sanchez are proposing to do away with the city's current business tax structure, which has two parts -- the net income tax on a business' profits and and the gross reciepts tax on overall sales. They want to replace the current set-up with a higher gross receipts tax, which they argue would encourage more businesses to locate in the city.

Mayor Nutter and City Controller Alan Butkovitz have criticized the plan, saying it would cost the city money and penalize certain business sectors.

If you're playing catch up want a primer on the entire situation, check out this document from the nonpartisan good government group Committee of Seventy, which explains what's going on in a Q&A format and includes links to analysis from both sides.

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog
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
 Follow William on Twitter

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
 Follow David on Twitter

PhillyClout Team
Also on Philly.com
letter icon Newsletter