2020 has been a difficult year for the Philly economy. document.addEventListener('DOMContentLoaded', function() { What’s Next: Restaurateurs in Philly and across the country have been pleading for help for months, but the new $900 billion COVID stimulus bill doesn’t include direct grants to the restaurant industry. × Governor Wolf Announces Investment of Tax Credits in North Philadelphia to Build Transformative Mixed-Use Development. YONG KIM / Staff Photographer . “We had 11 straight years of job growth in the City of Philadelphia,” Paul Levy, the executive director of the Center City District, said last week. The Legal Intelligencer. For more information about the current policy, you can read the guidance. As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Max Mitchell Philly City Council approves budget with coronavirus cuts, tax hikes, flat-funded Police Department. var myDate = new Date(parseInt(1610638906000)); For more information, visit our ongoing coverage of the virus and its impact on sales tax compliance. The City of Philadelphia’s tax revenue plunged 47% to $385 million in April, the latest indicator of Covid-19's widespread impact on local economies. 200366, Bill No. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Commentary Philadelphia’s Tax Responses to the COVID-19 Pandemic Since the COVID-19 health crisis began, the city of Philadelphia’s Department of Revenue has … Unemployment is above 10 percent. Roughly 20 percent of Center City restaurants currently offer some kind of outdoor dining option, and since June, outdoor seating capacity just in the Center City District has grown from 3,000 to 9,500 seats. Still, in a new report about the future of Center City, the CCD says there’s reason for optimism — okay, tepid optimism — as the year winds down. Note that clicking the link below will block access to this site for 24 hours. These businesses account for 99.7 percent of all firms, 47.3 percent of employment, 40.7 percent of annual payroll, and about one-third of the growth in employment and wages. Both options are priced the same. What’s Next: Unlike more residential commercial corridors like Passyunk and Frankford avenues, Center City can’t survive without office workers. The exemption from the wage tax only applies if a Philadelphia-based employee is required to work outside the city. So, in the words of King George from the Broadway musical, "Hamilton," “What comes next?”. Bill No. Philadelphia local wage tax is separate from your PA state return and there is no available deduction for these taxes on your state return. The incremental cuts over the years aren’t enough. for residents of Philadelphia, or 3.5019% for non-residents Who pays the tax The City Wage Tax is a tax on salaries, wages, commissions, and other compensation. Tailored just for you. Although court leaders announced in the fall that they planned to begin holding civil jury trials January 21 and criminal jury trials around the same time, the number of COVID-19 cases have skyrocketed in Philadelphia and beyond. needed So if your company decides remote work was so effective during the coronavirus pandemic that it is closing its offices forever, non-Philadelphia employees can stop paying the tax. Ayla Wolf, Was Part of Capitol Attack, Rachel Levine Is Saving Pennsylvania Amid Coronavirus | phillymag.com, Donald Trump at Wharton: Fact Checking the President’s Time at Penn. May 1, 2020 : PDF. Economy, Press Release. Legal professionals for a refund of those taxes, as long as their employer approves have sales... 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