Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by extending the exclusion for the receipts of information technology companies, 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.
ยง19-2601. Definitions.
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Receipts. * * * Receipts of any business shall exclude:
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(11) For the tax year 2001 through and including tax year [2006] 2011, any receipts, or a portion of receipt, from the specific business conducted by an information technology company.
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Explanation:
[Brackets] indicate matter deleted.
Italics indicate new matter added.
End