06/20/2025
FYI: Philadelphia Landlords & Business Owners.
Starting in 2026, the City is phasing out two major tax exemptions:
⚠️ The $100K Business Income & Receipts Tax (BIRT) exemption
⚠️ The $2K Use & Occupancy Tax exemption
These changes could increase what you owe, especially if you own commercial property or run a business in Philly.
The good news: tax rates are also being gradually reduced through 2039, and the City is investing $30 million/year in small business grants, education, and tax prep support.
INFORMATIVE 3-page FLYER DIRECT FROM THE SOURCE:
Mayor Parker has proposed an unprecedented $212M tax investment through FY30, including about $17M in FY 2026