Title
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by providing a "Video Surveillance Camera Tax Credit" for costs incurred to purchase and install a video surveillance camera.
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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ยง19-2604. Tax Rates, Credits, and Alternative Tax Computation.
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(15) Video Surveillance Camera Tax Credit.
(a) A business may claim a credit against business income and receipts tax liability in an amount equal to the lesser of $1,000 or fifty percent (50%) of the cost to purchase and install a video surveillance camera on its property which is pointed toward the public right-of-way and registered with the Philadelphia Police Department's SafeCam program.
(b) Definitions. For purposes of this subsection (15), the following definitions shall apply:
(i) Video surveillance camera. A video camera designed and intended when manufactured to be used for the purpose of observing an area and recording what is observed and that meets or exceeds specifications established by the Police Department.
(ii) SafeCam program. A Philadelphia Police Department initiative whereby individuals may register their video surveillance cameras with the Philadelphia Police Department so that, in the event of a criminal incident, police personnel may request a copy of any video captured by the video surveillance camera which may assist in the investigation of that criminal incident.
(c) Application. A business seeking a Surveillance Camera Tax Credit must file a Surveillance Camera Tax Credit Application, in the form and manner prescribed...
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