The Good Economist May 2016 - Page 5

The Good Economist 5

Employers may choose to raise the salaries of employees whose salaries are close to the new salary level and who regularly work overtime.

Employers may pay employees a salary and pay overtime for hours in excess of 40 per week.

Employers may reorganize workload distributions or adjust schedules so that employees will not work more than 40 hours each workweek.

Some options to consider in response to changes to salary levels include:

Philadelphia City Council’s Committee on the Environment held a public hearing on two bills that would provide the most comprehensive set of tax incentives for triple bottom line businesses in the nation. Five Council members – Blondell Reynolds Brown, Derek Green, Cherelle Parker, Maria Quiñones-Sanchez, and Al Taubenberger – heard testimony from government agencies, non-government organizations, and locally-owned business, including five SBN members.

The first bill improves the capacity of Philadelphia’s current Sustainable Business Tax Credit to fulfill its purpose of increasing the number of local sustainable businesses. If passed, the ordinance would increase the amount of the tax credit from $4,000 to $8,000, remove the cap limiting the program to 25 businesses, and extend the credit’s applicability to the net income portion of the Business Income and Receipts Tax (BIRT).

Philly Takes Critical Step Towards

Becoming the Social Enterprise Capital of the World