City of Philadelphia - File #: 130445

• File #: 130445
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/23/2013
• In control: Committee on Finance
• Final action: 6/20/2013
• Title: Amending Chapter 19-3801 of The Philadelphia Code, entitled "Finance, Taxes and Collections," and such other provisions as may be appropriate, to reduce the net profits tax burden on certain existing and new businesses, for the purpose of generating growth in existing businesses, the birth of new businesses, and the creation of jobs, all under certain terms and conditions.
• Sponsors: Councilmember Kenney
• Indexes: FINANCE, TAXES AND COLLECTIONS
• Code sections: 19-3801 - Finance, Taxes and Collections

Date	Ver.	Action By	Action	Result	Tally
6/25/2013	0	MAYOR	SIGNED
6/20/2013	0	CITY COUNCIL	READ AND PASSED	Pass	16:0
6/13/2013	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/13/2013	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/13/2013	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/7/2013	0	Committee on Finance	HEARING NOTICES SENT
6/7/2013	0	Committee on Finance	HEARING HELD
6/7/2013	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/23/2013	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 19-3801 of The Philadelphia Code, entitled "Finance, Taxes and Collections," and such other provisions as may be appropriate, to reduce the net profits tax burden on certain existing and new businesses, for the purpose of generating growth in existing businesses, the birth of new businesses, and the creation of jobs, all 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.

* * *

§ 19-3801. New Businesses.

(1) Definitions. In this Chapter, the following definitions shall apply.

(a) Department. The Revenue Department.

(b) Family member. A parent, spouse, life partner, child, sibling or like relative-in-law of an owner of a New Business or affiliate.

(c) New Business. A business that is subject to business privilege tax under Section 19-2603, but was not subject to the business privilege taxes imposed by Section 19-2603 at any time during the five Tax Years preceding Tax Year 2012.

(i) An existing business that is not subject to business privilege taxes because it is not currently engaged in business within the City of Philadelphia is eligible to qualify as a New Business upon engaging in such business if it meets the requirements of the preceding definition.

(ii) Exclusions. The term "New Business" does not include:

(.1) a business affiliated with or sharing substantial common ownership or control with a business that has filed a business privilege tax return;

(.2) a business created through an ownership change of a business that has filed a business privilege tax return, including, but not limited to:

(A) a merger, acquisition or reorganization;

(B) the transfer of an existing business to a person ...