City of Philadelphia - File #: 030073

• File #: 030073
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 2/6/2003
• In control: Committee of the Whole
• Final action: 4/3/2003
• Title: Amending Section 19-1502 of The Philadelphia Code, entitled "Imposition of Tax," by providing for reductions in the rate of wage and net profits tax, under certain terms and conditions.
• Sponsors: Councilmember Mariano, Councilmember Nutter, Councilmember O'Neill, Councilmember Clarke, Councilmember Rizzo, Councilmember Krajewski, Councilmember Blackwell, Councilmember Reynolds Brown
• Indexes: WAGE AND NET PROFITS TAX
• Code sections: 19-1502 - Imposition of Tax.

Date	Ver.	Action By	Action	Result	Tally
4/25/2003	1	MAYOR	NO ACTION TAKEN
4/3/2003	1	CITY COUNCIL	READ
4/3/2003	1	CITY COUNCIL	PASSED	Pass	16:0
3/27/2003	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
3/20/2003	1	CITY COUNCIL	ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR
3/18/2003	0	Committee of the Whole	HEARING NOTICES SENT
3/18/2003	0	Committee of the Whole	HEARING HELD
3/18/2003	0	Committee of the Whole	AMENDED
3/18/2003	1	Committee of the Whole	REPORTED FAVORABLY
2/6/2003	0	CITY COUNCIL	Re-Referred
2/6/2003	0	CITY COUNCIL	Introduced	Pass

Title
Amending Section 19-1502 of The Philadelphia Code, entitled "Imposition of Tax," by providing for reductions in the rate of wage and net profits tax, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-1502 of The Philadelphia Code is amended to read as follows:


§19-1502. Imposition of Tax.

* * *

(3) Rate reductions on and after January 1, 2003.

(a) Definitions.

(.1) Certification Date. March 1, 2003 and each March 1 thereafter until and including March 1, 2006.

(.2) Prior Year. The calendar year that ends December 31 immediately prior to a Certification Date.

(.3) Base Year. The calendar year that immediately precedes the Prior Year.

(.4) Total Resident Tax Rate. The rate at which taxes are imposed on residents under this Section, plus the rate at which taxes are imposed under §19-2803 (relating to the annual tax on wages and net profit to provide revenues for the purposes of the Pennsylvania Intergovernmental Cooperation Authority).

(.5) Wage Tax Receipts. The total revenues the City receives from taxes imposed under this Section and from taxes imposed under §19-2803.

(.6) Resident Wage Tax Receipts. The total revenues the City receives from taxes imposed under subsections (1)(a) and (2)(a) of this Section (relating to residents) and under §19-2803.

(.7) City Real Estate Tax Receipts. The total revenues the City receives from taxes imposed under §19-1301 (entitled "Real Estate Taxes"). City Real Estate Tax Receipts shall be attributable to a given year if they were due in such year and collected on or before the last day of such year.

(b) Calculation of Amount of Annual Tax Rate Reductions.

(.1) By each Certification Date, the Revenue Department shall certify to the Mayor and to the Council in writing (A) the amount of Wage Tax Receipts for the Prior Year and for the Base Year; (B) the amount of Resident ...