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With Philly’s construction tax ‘D.O.A.,’ Kenney proposes alternative

September 12, 2018

Instead of imposing a tax on new construction, Mayor Kenney wants to redirect real estate tax proceeds from properties that have recently received the tax abatement.

By Staff

With one day left for Mayor Kenney to decide whether to veto a controversial new tax intended to pay for affordable housing, he is trying to reach a compromise with City Council.

Instead of imposing a 1 percent tax on new construction, Kenney wants to redirect real-estate tax proceeds from properties that have recently received the city’s 10-year tax abatement.

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http://www.philly.com/philly/news/politics/mayor-kenney-veto-construction-tax-alternative-20180912.html

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