Philadelphia Mayor Cherelle Park said Tuesday that an online sales tax loophole is closing, which will generate more than $1 million in additional revenue for the city while creating a more level playing field for local businesses. Under the change, businesses outside Philadelphia that sell eligi ble items online to city residents will collect both Pennsylvania’s 6% state sales tax and Philadelphia’s 2% city sales tax. The change could increase costs slightly for consumers while adding revenue to the city’s budget. Parker said the new policy will help both businesses and the city’s finances. “It’s going to help us generate revenue, about $1.5 million annually, and that is going to help us be able to fund our priorities,” Parker said. This story was originally reported for broadcast by NBC Philadelphia. AI tools helped convert the story to a digital article, and an NBC Philadelphia journalist edited the article for publication. ...read more read less