A citywide tax amnesty moved closer to reality yesterday as City Council's Finance Committee unanimously recommended approval of an amnesty bill.
The Nutter administration estimates that it will net between $25 million and $30 million by forgiving all penalties and half of the interest on tax bills unpaid as of June 30, 2009. City Controller Alan Butkovitz says the city should realize closer to $100 million.
The amnesty would include all $1 billion delinquent city and school taxes with the exception of sales taxes. The last such amnesty was 1986.