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Does Philadelphia have a job creation tax credit against Business Privilege Tax (BPT) liability?

April 26, 2017BPT Business creation Job liability Philadelphia privilege tax tax credit

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Does Philadelphia have a job creation tax credit against Business Privilege Tax (BPT) liability?

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A. Yes. Under the job creation tax credit program, eligible taxpayers may claim a BPT credit of $1,000 for each qualified new full-time job created in Philadelphia. You must apply and be accepted into this program before any job creation tax credit may be taken. For more information on this program, call 215-686-6432.