Jump Start Philly is a program for entrepreneurs and new businesses in Philadelphia. A business in its first two years of operation is exempt from paying the Business Income and Receipts Tax (BIRT), and does not have to pay for a variety of licenses and registrations.
All businesses are still required to apply for applicable licenses, but eligible new businesses pay no fee. To qualify for this exemption, your business must meet certain requirements.
The new business must file with the Department of Revenue a New Business Waiver Application. This is not a separate form, but part of the paper application for a Commercial Activity License.
In addition, please note that a business claiming the tax exemption must complete and mail a paper BIRT return, including the Worksheet N form. If applicable, the business should also file a paper Net Profits Tax (NPT) return.
BIRT and NPT paper returns can be found on the Department of Revenue’s website. Please make sure to complete returns for the right tax year.
To learn more about Jump Start Philly see: