PHILADELPHIA PA-For the first time since 1986, the City of Philadelphia is offering individuals and businesses delinquent in paying city taxes an opportunity to settle up on what they owe. While not a \”free pass,\” those who participate in, and qualify for, the Philadelphia Tax Amnesty program will have all of their tax penalties waived, as well as pay only half the interest owed. However, time is of the essence, as the Philadelphia Tax Amnesty period is only available for fifty-four days, May 3, 2010 – June 25, 2010.
According to Philadelphia Business Journal, The program, which is projected to bring in a net $25 million to $30 million, is so far meeting expectations, the city Department of Revenue said. Now two weeks in, Philadelphia’s tax amnesty program has taken in $2.3 million in gross collections.
The City is implementing an aggressive strategy to embrace as many individuals and businesses as
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