Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by creating a tax credit to encourage certain merchants to utilize the services of Philadelphia-based performing artists, 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 Performing Artist Tax Credit.
(a) Definitions.
(i) Qualifying Merchant. A Qualifying Merchant shall meet the following requirements for classification under the North American Industry Classification System ("NAICS") Codes Sections: Hotels (except Casino Hotels) and Motels (NAICS 721110); Casino Hotels (NAICS 721120); Full-Service Restaurants (NAICS 722511); and Limited-Service Restaurants (NAICS 7225130).
(ii) Performing Artist. A practitioner that derives at least $5,000 in gross income or 15% of their total gross income during the previous tax year from the creation, performance, or teaching of work in the performing arts, including but not limited to: music, dance, or theater.
(iii) Performing Arts Organization. A Performing Arts Organization shall meet the following requirements for classification under the North American Industry Classification System ("NAICS") Codes Sections: Musical Groups and Artists (NAICS 711130); and Independent Artists, Writers, and Performers (NAICS 711510).
(iv) Philadelphia-based Performing Artist. A Performing Artist who maintains a primary residence within the City of Philadelphia for at least 183 days in the tax year for which the credit is claimed.
(v) Philadelphia-based Performing Arts Organization. A Performing Art...
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