City of Philadelphia - File #: 040313

• File #: 040313
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 3/25/2004
• In control: Committee of the Whole
• Final action: 5/31/2004
• Title: Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by making permanent and clarifying the pilot program under which a Job Creation Tax Credit will be given to certain businesses that create new jobs within the City of Philadelphia; all under certain terms and conditions.
• Sponsors: Councilmember Goode, Councilmember Miller, Councilmember Ramos, Councilmember Reynolds Brown
• Indexes: BUSINESS PRIVILEGE TAX
• Code sections: 19-2600 - Business Privilege Tax, 19-2604 - Tax Rates, Credits, and Alternative Computation

Date	Ver.	Action By	Action	Result	Tally
6/10/2004	1	MAYOR	SIGNED
5/31/2004	1	CITY COUNCIL	READ
5/31/2004	1	CITY COUNCIL	PASSED	Pass	17:0
5/25/2004	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
5/25/2004	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
5/25/2004	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
5/24/2004	0	Committee of the Whole	HEARING NOTICES SENT
5/24/2004	0	Committee of the Whole	HEARING HELD
5/24/2004	0	Committee of the Whole	AMENDED
5/24/2004	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/18/2004	0	Committee of the Whole	HEARING HELD
5/18/2004	0	Committee of the Whole	RECESSED
5/17/2004	0	Committee of the Whole	HEARING HELD
5/17/2004	0	Committee of the Whole	RECESSED
5/12/2004	0	Committee of the Whole	HEARING HELD
5/12/2004	0	Committee of the Whole	RECESSED
5/10/2004	0	Committee of the Whole	HEARING NOTICES SENT
5/10/2004	0	Committee of the Whole	HEARING HELD
5/10/2004	0	Committee of the Whole	RECESSED
3/25/2004	0	CITY COUNCIL	Referred
3/25/2004	0	CITY COUNCIL	Introduced	Pass

Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by making permanent and clarifying the pilot program under which a Job Creation Tax Credit will be given to certain businesses that create new jobs within the City of Philadelphia; 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 to read as follows:

CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES

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§19-2604. Tax Rates, Credits, and Alternative Tax Computation.

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(7) Credit for New Job Creation[; Pilot Program].

(a) Definitions. For purposes of this subsection, the following definitions shall apply.

(3) New Job. A full-time job, the average hourly rate, excluding benefits, for which must be at least 150% of the federal minimum wage, created within the City and County of Philadelphia by a company within five (5) years from the start date. Employment opportunities for ex-offenders must be contracted for a minimum period of at least 180 days.

(10) Ex-offender. A person previously convicted of a felony, or who was incarcerated for any conviction, or who is currently on probation or parole for any conviction.

* * *

(d) Tax credits.

* * *

(5) Maximum. The total amount of all tax credits available in any year [one] for commitment under subsection (7)(c)(3) shall not exceed 1% of all revenues collected by the City through the gross receipts and net income components of the business privilege tax during the previous tax year.

(e) Prohibitions.

(2) Allocations. Twenty-five percent of all tax credits available in any year under section subsection (7)(d)(5) shall be available for commitment under subsection (7)(c)(3) to businesses with fewer than 25 employees or to create employment opportunities for ex-offenders.

(g) The Department of Revenue shall by December 31 of eac...