Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by adding the definition of "certified sustainable business" and by excluding from the definition of receipts, any receipts from the specific business conducted by certain certified sustainable businesses, 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.
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ยง19-2604. Tax Rates, Credits, and Alternative Tax Computation.
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(13) Sustainable Business Tax Credit.
(a) Definitions.
(i) B Lab. B Lab Company, a Pennsylvania non-profit corporation.
(ii) Sustainable Business. A business that meets the standards of a B Lab certified "B corporation" as are in effect on November 15, 2009, or as may be in effect on a later date if the Office of Sustainability determines, by regulation, that such later effective standards appropriately provide for a determination that a business is sustainable and a responsible member of the community.
(iii) Office of Sustainability. The Mayor's Office of Sustainability, or such other Office as the Mayor may designate to perform the functions assigned by this Section.
(b) Eligibility.
(i) To be eligible to receive Sustainable Business Tax Credits, a business must be certified as a Sustainable Business by the Office of Sustainability. The Office of Sustainability shall by regulation detail how a business must demonstrate the fact that it is a Sustainable Business. Such regulations shall provide that certification as a "B corporation" shall be prima facie evidence that the business is a Sustainable Business, and may include a list of certifications provided by other rating organizations that will be accepted in lieu of a "B corporation" certification as prima facie evidence that a business is a Sustainable Busine...
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