IN THE NEWS

Tax

NEWS
December 13, 1996 | By Jan Hefler, INQUIRER CORRESPONDENT
In a surprise move, the Borough Council tabled two proposed ordinances that would have offered tax breaks to homeowners and businesses that make improvements to their properties. The ordinances would have exempted property owners from higher assessments for five years after an improvement was made. James Wittmeyer, of 10th Street, urged council to defeat the proposal, calling it discriminatory. He said taxpayers who don't upgrade their properties will effectively pay higher taxes as a result of the exemptions.
NEWS
October 25, 1987 | By Kitty Dumas, Inquirer Staff Writer
In January, the Republican Party swept the West Deptford Township Committee, gaining control after last year's election with a 4-1 majority. Committee members elected Frederick R. Marz, the first Republican mayor in 20 years. Marz is up for re-election to council this year, and he is the first to concede that this year has not been easy, even with the large Republican majority on the committee. First, there was the tax increase, then came the battle over the Verga Fire Company, a dispute that for months refused to be resolved and still is unsettled.
NEWS
February 14, 1995 | FROM INQUIRER WIRE SERVICES
President Clinton yesterday sent to Congress, and to an apparently bleak fate, his bills to increase the minimum wage and to lower middle-class taxes. He also used an Oval Office ceremony to announce plans for a new domestic economic conference and to assail Republicans for "digging the country into a hole" and then criticizing his budget. "It is time for them to take a little responsibility. They were here during the years of the '80s when we created this deficit problem," Clinton said.
NEWS
February 8, 2013
TOWER Investments Inc. owns more than 100 properties in Philadelphia, including The Piazza at Schmidt's and Liberties Walk, which are largely credited with the dramatic revitalization of parts of Northern Liberties, as well as Avenue North, which enhanced the burgeoning area around Temple University on North Broad Street. The other 100-plus properties we own across the city are in various stages of development. Tower Entertainment, another of my companies, hopes to be selected to develop the $700 million Provence Resort & Casino on the iconic former site of the Inquirer and Daily News . Of all this development activity that has reshaped the face of Philadelphia and generated thousands of jobs and millions of dollars in tax revenue for the city, the taxes due on one property - one - eluded our controller.
NEWS
May 14, 2015 | By Angela Couloumbis, Inquirer Harrisburg Bureau
HARRISBURG - Two measures dealing with issues that are key to any state budget deal - property taxes and pensions - began moving through the legislature Tuesday, with lawmakers pushing for swift action on both. The House began debate on a multibillion-dollar property-tax relief measure whose prospects are uncertain, while the Senate is poised to vote on a Republican-backed proposal to rein in the cost of public-employee pensions. Both bills are up for final passage Wednesday, after which legislators will break until June, when budget talks with Gov. Wolf will begin in earnest.
BUSINESS
April 25, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
Looking for more money for affordable housing, a coalition of Philadelphia groups wants to tax properties if they are flipped by developers less than two years after they were purchased. The proposal, which its proponents acknowledge has a long road to travel, could contribute up to $12 million annually to the Philadelphia Housing Trust Fund, double the amount there already. This "antispeculation tax," as envisioned by the Philadelphia Coalition for Affordable Communities, would raise the real estate transfer tax by 1.5 percent on houses resold less than two years after purchase.
BUSINESS
January 26, 1989 | BOB LARAMIE / DAILY NEWS
Trying to be a kinder, gentler Internal Revenue Service, agency staffers were at the Market Street East Station yesterday afternoon to distribute copies of tax booklets to commuters and to answer taxing questions. At left, IRS worker Gene Harris extends a helping hand, while Michael Miller (center, bottom photo) does the same.
NEWS
February 11, 1988 | By Gary Sternberg, Special to The Inquirer
Tax increases ranging from an estimated 8 cents to 15 cents would be levied on taxpayers in the Eastern Regional School District if voters approved an $18.5 million bond issue, according to figures presented by the school board at a public hearing last night. The bond issue is being proposed to build a 168,000-square-foot addition to the high school. School board members said the addition would be used as an intermediate high school for ninth and tenth graders, while the existing building would be used primarily for 11th and 12th graders.
NEWS
October 19, 2012 | By Jonathan Tamari, INQUIRER STAFF WRITER
Stark differences on taxes dominated the first debate - a radio encounter - between Republican U.S. Rep. Mike Fitzpatrick and Democratic challenger Kathy Boockvar Thursday, as the two clashed over their plans and how they would affect the middle class. Fitzpatrick called for leaving all personal tax rates at their current levels and cutting corporate rates, saying any tax hikes would harm the fragile economy. "We need to stop threatening to raise taxes on the American people and small businesses," Fitzpatrick said.
NEWS
November 23, 2013 | By Tricia L. Nadolny, Inquirer Staff Writer
The West Chester Borough Council on Wednesday killed a proposed earned income tax that officials had said was necessary to save the borough's diminishing pension fund. Mayor Carolyn Comitta, who was in favor of the 0.25 percent tax increase, said she was "very disappointed" in the 4-3 council vote. "Quite frankly, it is in my opinion a mistake," she said. "You really can't kick these very important decisions down the road and that's what happened again. We're in the same place we were before.
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