Calling all convenience and specialty food stores, limited-service restaurants, and food retailers–the Department of Revenue in Philadelphia is offering up to $2000 of tax credit on your Business and Income Receipts Tax! If your tax-compliant business has or will purchase more healthy beverages in this year than it did in the last fiscal year, you qualify!
Healthy beverages are non-alcoholic drinks that do not rely on any sugar-based sweeteners (such as high fructose corn syrup). For example, if your convenience store purchased $1,500 of bottled water last year, and $2,500 this year, you can apply for a $2,500-$1,500 = $1,000 tax credit!
Does your business qualify? If so, make sure to complete the Healthy Beverages Tax Credit form between January 1st to February 15th to be eligible for consideration.