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Title:
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Adding a Chapter 19-4300 to The Philadelphia Code, entitled "Tax Benefits for New Megabusinesses," by providing an incentive for a New Megabusiness that chooses to locate in the City of Philadelphia by reducing the Business Net Income Tax rate to zero, all under certain terms and conditions.
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Action text:
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A motion was made by Councilmember Oh that this matter be Introduced and Referred to the Committee on Finance. The motion carried unanimously.
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