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Title:
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Amending Chapter 9-600 of The Philadelphia Code, entitled "Service and Other Businesses," and Chapter 19-500 of The Philadelphia Code, entitled "Taxes and Rents - General," by adding provisions that require the Department of Revenue to develop a form, regulations and a program to increase tax collections for commissions and fees earned as a result of City real estate transactions, and provisions requiring real estate professionals to report their commercial activity and business income and receipts account numbers to Revenue for all transactions involving real estate located in the City, and other related items; all under certain terms and conditions.
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Action text:
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A motion was made by Councilmember Neilson that this matter be Introduced and Referred to the Committee on Finance. The motion carried unanimously.
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