New proposal for healthier beverage tax break for Philly store owners

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Soda taxes may not be the only way to help consumers choose healthier beverages in Philadelphia, now a new tax proposal may help corner stores look at healthier beverages in a different light.

Councilwoman Blondell Reynolds Brown purposed to a new “healthy beverages tax credit” to allow corner stores to get a tax break for stocking more healthier beverages into their corner stores.

The tax would give a tax credit against their business taxes for what they spend on healthy beverages for one year and the difference for the next year’s expenses, benefiting stores like delis, pharmacies, and corner stores that stock healthy beverages versus the common sugar-based sweeteners of high-fructose corn syrup.

According to a recent article, Brown hopes the tax will encourage more consumption of healthier drinks, and help store owners to stock and save money on giving consumers healthier drinks.

The next hearing is scheduled for June 8th, 2016, where the Council and the Mayor will determine the next steps on the budget, including the proposals for the container tax and the sugary beverage tax.

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