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Mayor Nutter's tax amnesty program begins
The Web site for the award-winning alternative weekly, the Philadelphia City Paper.
Mayor Nutter's tax amnesty program begins
Surely the Tea Party is freaking out about this.
Starting toady and running through June 25, all individuals and businesses (with some exceptions here and there) that owe back taxes to the city can fork up the money without paying any penalties or attorney fees, and only paying half the interest. It goes for all debts that have accrued between 1986 and 2009, and applies to all major types of city taxes.
This is the first time the city has done this since '86. Mayor Nutter believes $40 million can be collected through this, and seeing as how the city is paying up to $13 million for marketing and running the program, it should be interesting to see how that pans out. Check out the Philadelphia Tax Amnesty website for more info.
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