Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for the "Anti-Obesity Tax Credit," under which qualifying businesses can receive a credit against the Business Privilege Tax for engaging in certain practices to curb obesity among consumers, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-2600 of The Philadelphia Code is hereby amended as follows:
CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES.
* * *
ยง 19-2604. Tax Rates, Credits, and Alternative Tax Computation.
* * *
(10) Anti-Obesity Tax Credit.
(a) Definitions. For purposes of this subsection, the following definitions shall apply:
(.1) Qualifying Expenditure. An expenditure made by a business that materially promotes anti-obesity efforts, as defined by regulations of the Board of Health. Such regulations may include as qualifying expenditures:
(A) Additional value, in excess of the face value of food stamps accepted as payment, granted by a business toward a purchase of certain Designated Foods.
(B) The cost of installation of equipment to expand or add capacity for selling certain designated foods. Such capacity may include, but need not be limited to, refrigerated display cases for selling produce, and bins for selling certain Designated Foods in bulk.
(C) Any other expenditure deemed by the Board of Health effective in promoting anti-obesity efforts, including increasing consumption of Designated Foods or categories of foods, or decreasing consumption of other Designated Foods or categories of foods.
(.2) Designated Foods. Any food designated by regulation of the Board of Health as either relatively high in calories, fat or saturated fat, or relatively low in calories, fat or saturated fat, as applicable; or otherwise designated by th...
Click here for full text