Taxes
OPINION: Philly’s Soda Tax Is Shaping Up to Be an Epic Flop
It’s been six months since the city’s soda tax (or, more accurately, the sugary beverage tax) was implemented — and it’s off to a rocky […]
Pa. House Passes Bill That Would Forbid Regulating Plastic Bag Sales
The state House of Representatives has passed a bill that would forbid Philadelphia and other municipalities from regulating plastic bag sales. It’s pushback against a […]
Philly Soda Tax Brings in Highest Collection Yet in March
The Philly soda tax brought in $7 million dollars in March, its third month in action, the Department of Revenue announced on Tuesday. The amount […]
Excited About Tax Reform? Don’t Be.
It’s tax deadline time, and regardless of whether we’re receiving a refund or we owe money, most of us usually take a moment to look […]
Chamber of Commerce Votes Against Philadelphia Tax Reform Plan
A coalition of city business and political leaders led by Center City District President and CEO Paul Levy and Brandywine Realty Trust President and CEO […]
Tax Abatement Huge Shot in Arm for City, Study Finds
Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to […]
Philly’s Soda Tax Is Back in Court Today
On Wednesday, a panel of Commonwealth Court judges in Pittsburgh will hear arguments over the legality of Mayor Kenney’s landmark sweetened beverage tax. Levied just […]
Philly Soda Tax Draws in $6.4 Million for February, Exceeding City’s Estimate
The Philly soda tax brought in $6.4 million dollars in February, its second month of collections, the city announced Thursday morning. The figure exceeds Philly’s […]
After Backlash From City, Temple Pauses Meal-Plan Increase
Officials at Temple University have walked back plans for a steep hike on meal-plan rates, which they claimed was a direct effect of the city’s […]
Temple University Blames Steep Meal Plan Hike on Soda Tax
Temple University officials plan to raise board rates by 4.8 percent for 2017-18 – and they say the soda tax is to blame. The Inquirer reports […]
Citing Soda Tax, Pepsi to Lay Off 80 to 100 Philly-Area Workers
Pepsi announced on Wednesday that it will lay off as many as 100 workers at its three Philadelphia-area plants. The company cited lagging sales due […]
City Looks in Other Pocket, Says Soda Tax Revenue Is Actually $5.7 Million
In its first month, Philadelphia’s beverage tax has brought in $5.7 million, according to information released by the city’s revenue department on Thursday. The figure […]
Soda Tax’s Early Impact: Sales Drops, Layoffs, and Lagging Tax Revenue
In the two months since Philly’s beverage tax was implemented, some grocers and drink distributors are reporting significant sales drops, and the city expects soda […]
State Lawmakers File Brief Against Soda Tax
Thirty-six state lawmakers have signed on to a brief opposing Philadelphia’s soda tax in Commonwealth Court. The Inquirer reported on Monday that the five state […]
Philly Financial Watchdog: Revenues Up, But So Are Overtime Costs
A quarterly report from Philadelphia’s financial watchdog says revenue in the general fund is much higher than expected — but that that overtime costs are soaring. […]