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Title:
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Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by providing for the calculation of the credit against net profits tax based upon net income tax liability, where a credit is received against net income tax for contributions to community development corporations undertaking economic development activities within the City of Philadelphia; 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. The motion carried unanimously.
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