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File #: 100223    Version: Name:
Type: Bill Status: ENACTED
File created: 4/8/2010 In control: Committee on Finance
On agenda: Final action: 6/17/2010
Title: Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by creating the "Philadelphia Internship Tax Credit," under certain terms and conditions.
Sponsors: Councilmember Jones, Councilmember Greenlee, Councilmember Goode, Councilmember Reynolds Brown, Councilmember Clarke
Indexes: BUSINESS PRIVILEGE TAX
Attachments: 1. CertifiedCopy10022301.pdf
Date Ver.Action ByActionResultAction DetailsVideo
6/30/20101 MAYOR SIGNED  Action details Not available
6/17/20101 CITY COUNCIL READ  Action details Not available
6/17/20101 CITY COUNCIL PASSEDPass Action details Not available
6/10/20101 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR  Action details Not available
6/10/20101 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass Action details Not available
6/10/20101 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR  Action details Not available
6/9/20100 Committee on Finance HEARING NOTICES SENT  Action details Not available
6/9/20100 Committee on Finance HEARING HELD  Action details Not available
6/9/20100 Committee on Finance AMENDED  Action details Not available
6/9/20101 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED  Action details Not available
4/8/20100 CITY COUNCIL Referred  Action details Not available
4/8/20100 CITY COUNCIL IntroducedPass Action details Not available
Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by creating the "Philadelphia Internship Tax Credit," under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Title 19 of The Philadelphia Code is hereby amended to read as follows:

TITLE 19. FINANCE, TAXES AND COLLECTIONS.

* * *

CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES.

* * *

ยง19-2604. Tax Rates, Credits, and Alternative Tax Computation.

* * *

(10) Philadelphia Internship Tax Credit.

(a) Definitions. For purposes of this Section, the following definitions shall apply:

(i) Department. The Department of Revenue.

(ii) Educational institution. A secondary school or a post-secondary school.

(iii) Intern. A person who is provided an internship.

(iv) Internship. A supervised work experience provided to a student enrolled in an educational institution.

(v) Post-secondary school. A vocational or technical institution, or an institution of higher learning (including community college).

(b) Philadelphia Internship Tax Credit. For tax years 2012 and 2013, a business may claim a credit against business privilege tax liability in an amount equal to the lesser of $600 or 40 percent of the compensation paid to an intern employed by the business, as follows:

(i) No more than 750 internships and 100 businesses per calendar year shall be eligible for the tax credit, to be determined on a "first come-first served" basis;

(ii) The intern must be paid a minimum of $8.00 per hour.

(c) Limitation on availability of the tax credit. To ensure that regular employees are not displaced by interns:

(i) A business shall not be entitled to the tax credit if, at the end of the tax year with respect to which the business claims this tax credit, the business has fewer paid employees (other than interns) in the office or plant...

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