City of Philadelphia - File #: 020116

• File #: 020116
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 2/28/2002
• In control: Committee of the Whole
• Final action: 4/18/2002
• Title: Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by establishing a program under which a Job Creation Tax Credit will be given to certain businesses creating new jobs in the City of Philadelphia; all under certain terms and conditions.
• Sponsors: Councilmember Goode, Councilmember Reynolds Brown, Councilmember DiCicco, Councilmember Mariano, Councilmember Ortiz, Councilmember Clarke, Councilmember Blackwell, Councilmember Miller, Councilmember Krajewski, Councilmember Longstreth, Councilmember Nutter, Council President Verna, Councilmember Rizzo, Councilmember Tasco, Councilmember Cohen, Councilmember O'Neill
• Indexes: BUSINESS PRIVILEGE TAX
• Code sections: 19-2600 - Business Privilege Tax, 19-2604 - Tax Rates, Credits, and Alternative Tax Computation

Date	Ver.	Action By	Action	Result	Tally
5/2/2002	1	MAYOR	SIGNED
4/18/2002	1	CITY COUNCIL	READ
4/18/2002	1	CITY COUNCIL	PASSED	Pass	15:0
4/11/2002	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
4/11/2002	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
4/11/2002	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
4/10/2002	0	Committee of the Whole	HEARING HELD
4/10/2002	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
4/10/2002	0	Committee of the Whole	AMENDED
4/9/2002	0	Committee of the Whole	HEARING NOTICES SENT
4/9/2002	0	Committee of the Whole	RECESSED
4/8/2002	0	Committee of the Whole	HEARING HELD
4/8/2002	0	Committee of the Whole	RECESSED
3/18/2002	0	Committee of the Whole	HEARING NOTICES SENT
3/18/2002	0	Committee of the Whole	HEARING HELD
3/18/2002	0	Committee of the Whole	RECESSED
2/28/2002	0	CITY COUNCIL	Referred
2/28/2002	0	CITY COUNCIL	Introduced	Pass

Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by establishing a program under which a Job Creation Tax Credit will be given to certain businesses creating new jobs in the City of Philadelphia; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Legislative Findings.

(1) The City of Philadelphia's current tax structure presents a competitive disadvantage to the City in attracting new residents and businesses and retaining existing ones.

(2) In recognition of this challenge, the Council of the City of Philadelphia passed Resolution Number 010404, introduced by Councilman W. Wilson Goode, Jr. authorizing the Council to examine employment incentive programs. And Resolution Number 010700, introduced by Councilwoman Jannie L. Blackwell, to seek advice and recommendations on tax policy and tax reform from citizens, financial experts, economists, academia, business executives, and state legislative and executive branch officials.

(3) The Federal government operates incentive programs through the Work Opportunity Tax Credit, Federal Empowerment Zone Wage Tax Credits and the Welfare to Work Tax Credit.

(4) The State of Oregon, through its JOBS Plus Program, Rhode Island, through its Work Supplementation Program, Massachusetts, through its Full Employment Program, and Missouri, through its Work Supplementation Program, all offer incentives to generate employment.

(5) The Commonwealth of Pennsylvania offers an Employment Incentive Payment Program and State Job Creation Tax Credit.

(6) These and other active labor market policies have shown themselves to be successful generators of employment and training opportunities.

(7) The Philadelphia City Controller in the Controller's Office Tax Structure Analysis Report has recommended implementing a Philadelphia New Jobs Tax Deduction based on the Commonwealth of Pennsylvania's existing Job Creation...