We just got confirmation from the Hall: City Council has passed two bills that completely change the way business taxes and fees work in this city.
In short, the bills, sponsored by Council members Bill Green, Maria Quiñones-Sánchez and Jim Kenney, will relieve the business-privilege tax burden for small businesses, as well as eliminate many fees that new businesses have to pay just to get off the ground.
But this is a big change for the city, and there's a lot more to it than that. Listen to this It's Our Money podcast for the least painful way to understand the reforms.
Also, data played a large role in these reforms. To find out what those data were, check out our story on the revenue department's analysis of the business-privilege tax as well as data from the Greater Philadelphia Hotel Association on how much Philly-based companies pay compared to out-of-towners.