Regis Philbin
Apr 16th, 2009, 07:41 PM
Hmmmm...wonder what went wrong? :scratch:
http://www.philly.com/inquirer/home_region/20090415_No_takers_for_tax_break_to_hire_ex-cons.html
No takers for tax break to hire ex-cons
By Marcia Gelbart
Inquirer Staff Writer
Today's tax-filing deadline is expected to come and go without a single company applying for one penny of Mayor Nutter's new $5 million tax-credit program that was designed to encourage the hiring of ex-offenders.
The mayor unveiled the initiative on the campaign trail as an innovative way to drive down Philadelphia's crime rate, and City Council wrote it into law nearly 18 months ago. Under its terms, local companies can receive tax breaks of $10,000 a year - for three years - for each ex-offender working at least six months as of Jan. 1, 2008.
This is the first tax year companies would have been able to receive the credits, which would be counted against the business privilege tax they pay the city.
But no one applied.
http://www.philly.com/inquirer/home_region/20090415_No_takers_for_tax_break_to_hire_ex-cons.html
No takers for tax break to hire ex-cons
By Marcia Gelbart
Inquirer Staff Writer
Today's tax-filing deadline is expected to come and go without a single company applying for one penny of Mayor Nutter's new $5 million tax-credit program that was designed to encourage the hiring of ex-offenders.
The mayor unveiled the initiative on the campaign trail as an innovative way to drive down Philadelphia's crime rate, and City Council wrote it into law nearly 18 months ago. Under its terms, local companies can receive tax breaks of $10,000 a year - for three years - for each ex-offender working at least six months as of Jan. 1, 2008.
This is the first tax year companies would have been able to receive the credits, which would be counted against the business privilege tax they pay the city.
But no one applied.