With City Council returning for its lame duck session on Thursday, members are putting together their bills and attempting to gather support from their colleagues.
Councilman James F. Kenney began circulating a bill today that would exempt new businesses from paying Business Privilege Taxes, business-related licensing fees, and transfer and zoning-related taxes for the first two years of operation.
To qualify for the incentives, a new business would have to have at least ten full-time employees who live in the city. The bill also would give existing businesses a tax exemption on the first $100,000 of receipts - an idea first proposed by Council members Bill Green and Maria Quinones Sanchez.
Kenney said the bill is meant to jump start job creation. Unemployment stands at about 11 percent in Philadelphia, he said, and the city needs to make "a bold statement" to "get the attention of the job creators."