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Title:
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Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," to revise the Credit for New Job Creation by changing the minimum wage requirement in the definition of "New Job"; and by providing an additional "Special Tax Credit Opportunity for Job Creation" in the form of a multi-year tax credit for certain new jobs created in 2015; all under certain terms and conditions.
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Action text:
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A motion was made by Councilmember Goode that this matter be Introduced and Referred to the Committee on Commerce & Economic Development. The motion carried unanimously.
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