Today, when Michael Nutter signed Wilson Goode, Jr.’s Business Tax Reform Bill - it was the third bill to become law from Goode’s Economic Opportunity Legislative Package, consisting of three bills introduced on January 24.

In fact, the Business Privilege Tax Reform Ordinance, unanimously passed by Philadelphia City Council, was Goode’s 46th piece of legislation to be signed into law during his tenure. Ironically, Goode has offered only one piece of legislation that failed in City Council, and it failed by only one vote – in an earlier attempt, four years ago, to eliminate the business gross receipts tax by 2009. The new ordinance will eliminate the gross receipts portion of the City’s business privilege tax by the year 2017. Goode believes that taxing businesses on both gross receipts and net income is an impediment to job growth, as well as an excessive burden for small disadvantaged businesses.