Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” to establish a Philadelphia Youth Employment Program Tax Credit for businesses that employ eligible youth or contribute to qualifying tax-exempt organizations employing such students; 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 INCOME AND RECEIPTS TAXES.
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§ 19-2604. Tax Rates, Credits, and Alternative Tax Computation.
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(17) Philadelphia Youth Employment Program (“YEP”) Tax Credit.
(a) Definitions. For purposes of this subsection, the following definitions shall apply:
(.1) Department. The Department of Revenue.
(.2) Administering Agency. The Department of Commerce, or such other City
agency or office as the Mayor shall designate to perform the certification and program administration functions established by this subsection.
(.3) Eligible Educational Program. Any of the following:
(.a) A school program provided by a public, charter, private, or other school legally authorized to provide secondary education, including a lawful home education program;
(.b) A degree or certificate program offered by an accredited college, university, or community college;
(.c) A vocational, technical, trade, or career education program offered by an institution licensed, accredited, or otherwise approved by the governmental authority responsible for its operation; or
(.d) An apprenticeship program registered with the United States Department of Labor or the Pennsylvania Department of Labor and Industry.
(.4) Enrolled. Registered and participating, on a full-time or part-time basis, in an Eligible Educational Program. Enrollment shall include a regularly scheduled academic pause when the student remains eligible and intends to return for the next academic term. A student completin...
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