Posts Tagged: Conversions

Tax Panel Proposes 20-Year Break for Office Conversions

Tax Panel Proposes 20-Year Break for Office Conversions

Philadelphia’s Tax Reform Commission proposes a temporary 20-year tax abatement to encourage converting distressed office buildings for new uses. The recommendation, doubling the current 10-year abatement, is part of a 29-page report analyzing the city’s tax structure. The report also calls for a $15 minimum wage, phasing out the Business Income and Receipts Tax (BIRT),… Read more »