Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income And Receipts Taxes," by providing for a tax credit for employment of veterans of the armed forces, 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 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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(13) Credit for Employment of Returning Veterans of the Armed Forces.
(a) Definitions. In this subsection, the following definitions shall apply:
(.1) Qualifying Employee. A Veteran who:
(A) Is employed by a business in a position where he or she earns wages that are subject to the tax on wages imposed by Chapter 19-1500;
(B) Receives compensation that is either (i) equivalent to those wages and benefits, including sick leave, holiday and vacation absences, and tuition benefits, afforded regular employees in comparable positions as part of the Employer's regular payroll process; or, if a comparable position does not exist, (ii) at an average hourly rate, excluding benefits, of at least 150% of the federal minimum wage, and the employment package includes the same benefits as are provided to other full-time employees; and
(C) Is hired between July 1, 2012, and June 30, 2014, inclusive.
(.2) Qualifying Full-Time Employee. A Qualifying Employee who is employed by a business for at least thirty-seven and one-half hours per week.
(.3) Qualifying Part-Time Employee. A Qualifying Employee who is employed by a business for at least twenty hours per week, but fewer than thirty-seven and one-half hours per week.
(.4) Veteran. A person who has received an honorable discharge from any branch of the United States Armed Forces; who has served a minimum of six months in active full-time duty withi...
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