Taxes

Murphy, a Democrat, set up the task force last year after two state reports raised concerns about how business tax breaks established under Republican Chris Christie were awar

In the annual speech before the Legislature, the first-term Democrat again pitched it as a way to raise revenue, fund his progressive political agenda.

Burdened with years of budget cuts and a recent increase in workload to implement new tax law, the IRS is struggling to deliver on its mission.

Despite calls for change, the outgoing Philadelphia City Council never managed to chip away at Mayor Jim Kenney’s soda tax.

It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it looks more like a costly lump of coal.

Twenty years before a wealth tax became a serious consideration in national politics, two legal scholars battled over whether the policy would be constitutional.

After weeks of heated debate, City Council passed a bill reducing the value of Philly’s 10-year property tax abatement on new residential construction.

City Council passed the amended bill, which pushes back implementation of the abatement reform to Dec. 31, 2020.

A bill that aims to “phase down” Philadelphia’s controversial 10-year tax abatement on residential construction got introduced at City Council Thursday.

Philadelphia’s 10-year property tax abatement on residential construction could be dramatically different by the end of this year.

George Norcross told legislators at the Statehouse in Trenton on Monday that the state’s tax incentive program has succeeded in revitalizing distressed areas.

Companies sued for workplace issues or facing regulatory penalties still routinely received tax incentive awards, a state staffer says.

City Councilmember Al Taubenberger introduced a legislative package Thursday to give breaks on wage and real estate taxes to many Philadelphia families.

Stores that buy from unregistered distributors are supposed to pay the tax themselves.

N.J. Gov. Phil Murphy thinks more tax incentives will mean more movies made in the Garden State.