Title
Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing the rates of the 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 hereby amended to read as follows:
§19-1502. Imposition of Tax.
(1) Tax On Salaries, Wages, Commissions And Other Compensation.
(a) Residents. An annual tax on salaries, wages, commissions and other compensation earned by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:
* * *
July 1, 2002 through June 30, 2003
3.00%
July 1, 2003 through June 30, 2004
[insert rate]
July 1, [2003] 2004 through June 30, 2007
The rate provided under §19-1502(3)
July 1, 2007 and thereafter
The rate at which the tax was imposed on June 30, 2007
(b) Non-Residents. An annual tax on salaries, wages, commissions and other compensation earned by non-residents of Philadelphia for work done or services performed or rendered in Philadelphia is imposed for general revenue purposes for the following periods at the following rates:
* * *
July 1, 2002 through June 30, 2003
3.9127%
July 1, 2003 through June 30, 2004
[insert rate]
July 1, [2003] 2004 through June 30, 2007
The rate provided under §19-1502(3)
July 1, 2007 and thereafter
The rate at which the tax was imposed on June 30, 2007
* * *
(2) Tax On Net Profits Earned In Businesses, Professions Or Other Activities.
(a) Residents. An annual tax on the net profits earned in businesses, professions or other activities conducted by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:
* * *
January 1, 2002 through December 31, 2002
3.00%
January 1, 2003 through December 31, 2003
[insert rate]
[January 1, 2003] January 1, 2004 through December 31, 2006
The rate p...
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