As Tax Day approaches, it’s not too late to help your business save money by demonstrating its commitment to sustainability. The Department of Revenue and Office of Sustainability are now accepting new applications and renewals for the Sustainable Business Tax Credit, which offers up to a $4,000 credit on the Business Income and Receipts Tax paid by Philadelphia businesses that demonstrate a commitment to sustainability.
Businesses can demonstrate their commitment by pursuing B-Corporation certification or by completing an application attesting to the sustainability credentials of their business. The application can be found by clicking here.
The Department of Revenue requests tax credit applications be completed by April 15th, so if you think your business is a good fit, apply today!