City of Philadelphia - File #: 140081

• File #: 140081
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 2/6/2014
• In control: Committee on Finance
• Title: Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," to provide for tax rate reductions of the Wage and Earnings Tax for Philadelphia Residents and the Tax on Net Profits Earned in Businesses, Professions or Other Activities for Philadelphia Residents.
• Sponsors: Councilmember Oh
• Indexes: FINANCE, TAXES AND COLLECTIONS
• Code sections: Title 19 - FINANCE, TAXES AND COLLECTIONS

Date	Ver.	Action By	Action	Result	Tally
1/28/2015	0	Committee on Finance	HEARING NOTICES SENT
1/28/2015	0	Committee on Finance	HEARING HELD
1/28/2015	0	Committee on Finance	RECESSED
2/6/2014	0	CITY COUNCIL	Introduced and Referred	Pass

Title

Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” to provide for tax rate reductions of the Wage and Earnings Tax for Philadelphia Residents and the Tax on Net Profits Earned in Businesses, Professions or Other Activities for Philadelphia Residents.

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.

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CHAPTER 19-1500. WAGE AND NET PROFITS TAX.

*      *      *

§ 19-1502. Imposition of Tax.

(1) Tax On Salaries, Wages, Commissions And Other Compensation.

1. Residents. An annual tax on salaries, wages, commissions and other compensation earned by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:

1Title Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” to provide for tax rate reductions of the Wage and Earnings Tax for Philadelphia Residents and the Tax on Net Profits Earned in Businesses, Professions or Other Activities for Philadelphia Residents. 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 19-1500. WAGE AND NET PROFITS TAX. *      *      * § 19-1502. Imposition of Tax. (1) Tax On Salaries, Wages, Commissions And Other Compensation. Residents. An annual tax on salaries, wages, commissions and other compensation earned by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates: January 1, 1950 through December 31, 1956 tcell1.25% January 1, 1957 through December 31, 1960 tcell1.50% January 1, 1961 through December 31, 1965 tcell1.625% January 1, 1966 through June 30, 1968 tcell2.00% July 1, 1969 through June 30, 1971 tcell3.00% July 1, 1971 through June 30, 1976 tcell3.3125% July 1, 1976 through June 30, 1983 tcell4.3125% July 1, 1983 through June 30, 1991 tcell4.96% July 1, 1991 through December 31, 1995 tcell3.46% January 1, 1996 through June 30, 1996 tcell3.36% July 1, 1996 through June 30, 1997 tcell3.34% July 1, 1997 through June 30, 1998 tcell3.29% July 1, 1998 through June 30, 1999 tcell3.1869% July 1, 1999 through June 30, 2000 tcell3.1135% July 1, 2000 through June 30, 2001 tcell3.0635% July 1, 2001 through June 30, 2002 tcell3.0385% July 1, 2002 through June 30, 2003 tcell3.00% July 1, 2003 through December 31, 2004 tcell2.9625% January 1, 2005 through December 31, 2005 tcell2.831% January 1, 2006 through December 31, 2006 tcell2.801% January 1, 2007 through December 31, 2007 tcell2.76% January 1, 2008 through June 30, 2008 tcell2.719% July 1, 2008 through December 31, 2008 tcell2.48% January 1, 2009 through June 30, 2009 tcell2.43% July 1, 2009 through June 30, 2010 tcell2.4296% July 1, 2010 through June 30, 2013 tcell2.428% July 1, 2013 through June 30, 2014 tcell2.424% July 1, 2014 [and thereafter] through June 30, 2015 tcell2.42% July 1, 2015 through June 30, 2016 tcell2.2562% July 1, 2016 through June 30, 2017 tcell2.2398% July 1, 2017 through June 30, 2018 tcell2.2234% July 1, 2018 through June 30, 2019 tcell2.2070% July 1, 2019 through June 30, 2020 tcell2.1906% July 1, 2020 through June 30, 2021 tcell2.1742% July 1, 2021 through June 30, 2022 tcell2.1579% July 1, 2022 through June 30, 2023 tcell2.1415% July 1, 2023 through June 30, 2024 tcell2.1251% July 1, 2024 through June 30, 2025 tcell2.1087% July 1, 2025 and thereafter tcell2.0923%

*      *      *

(2) Tax On Net Profits Earned In Businesses, Professions Or Other Activities.

1. Residents. An annual tax on the net profits earned in businesses, professions or other activities conducted by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:

1Title Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” to provide for tax rate reductions of the Wage and Earnings Tax for Philadelphia Residents and the Tax on Net Profits Earned in Businesses, Professions or Other Activities for Philadelphia Residents. 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 19-1500. WAGE AND NET PROFITS TAX. *      *      * § 19-1502. Imposition of Tax. (1) Tax On Salaries, Wages, Commissions And Other Compensation. Residents. An annual tax on salaries, wages, commissions and other compensation earned by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates: January 1, 1950 through December 31, 1956 tcell1.25% January 1, 1957 through December 31, 1960 tcell1.50% January 1, 1961 through December 31, 1965 tcell1.625% January 1, 1966 through June 30, 1968 tcell2.00% July 1, 1969 through June 30, 1971 tcell3.00% July 1, 1971 through June 30, 1976 tcell3.3125% July 1, 1976 through June 30, 1983 tcell4.3125% July 1, 1983 through June 30, 1991 tcell4.96% July 1, 1991 through December 31, 1995 tcell3.46% January 1, 1996 through June 30, 1996 tcell3.36% July 1, 1996 through June 30, 1997 tcell3.34% July 1, 1997 through June 30, 1998 tcell3.29% July 1, 1998 through June 30, 1999 tcell3.1869% July 1, 1999 through June 30, 2000 tcell3.1135% July 1, 2000 through June 30, 2001 tcell3.0635% July 1, 2001 through June 30, 2002 tcell3.0385% July 1, 2002 through June 30, 2003 tcell3.00% July 1, 2003 through December 31, 2004 tcell2.9625% January 1, 2005 through December 31, 2005 tcell2.831% January 1, 2006 through December 31, 2006 tcell2.801% January 1, 2007 through December 31, 2007 tcell2.76% January 1, 2008 through June 30, 2008 tcell2.719% July 1, 2008 through December 31, 2008 tcell2.48% January 1, 2009 through June 30, 2009 tcell2.43% July 1, 2009 through June 30, 2010 tcell2.4296% July 1, 2010 through June 30, 2013 tcell2.428% July 1, 2013 through June 30, 2014 tcell2.424% July 1, 2014 [and thereafter] through June 30, 2015 tcell2.42% July 1, 2015 through June 30, 2016 tcell2.2562% July 1, 2016 through June 30, 2017 tcell2.2398% July 1, 2017 through June 30, 2018 tcell2.2234% July 1, 2018 through June 30, 2019 tcell2.2070% July 1, 2019 through June 30, 2020 tcell2.1906% July 1, 2020 through June 30, 2021 tcell2.1742% July 1, 2021 through June 30, 2022 tcell2.1579% July 1, 2022 through June 30, 2023 tcell2.1415% July 1, 2023 through June 30, 2024 tcell2.1251% July 1, 2024 through June 30, 2025 tcell2.1087% July 1, 2025 and thereafter tcell2.0923% *      *      * (2) Tax On Net Profits Earned In Businesses, Professions Or Other Activities. Residents. An annual tax on the net profits earned in businesses, professions or other activities conducted by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates: January 1, 1949 through December 31, 1955 tcell1.25% January 1, 1956 through December 31, 1959 tcell1.50% pard January 1, 1960 through December 31, 1964 tcell1.625% January 1, 1965 through December 31, 1968 tcell2.00% January 1, 1969 through December 30, 1970 tcell3.00% January 1, 1971 through December 31, 1975 tcell3.3125% January 1, 1976 through December 31, 1982 tcell4.3125% January 1, 1983 through June 30, 1991 tcell4.96% July 1, 1991 through December 31, 1995 tcell3.46% January 1, 1996 through December 31, 1996 tcell3.34% January 1, 1997 through December 31, 1997 tcell3.29% January 1, 1998 through December 31, 1998 tcell3.1869% January 1, 1999 through December 31, 1999 tcell3.1135% January 1, 2000 through December 31, 2000 tcell3.0635% January 1, 2001 through December 31, 2001 tcell3.0385% January 1, 2002 through December 31, 2002 tcell3.00% January 1, 2003 through December 31, 2004 tcell2.9625% January 1, 2005 through December 31, 2005 tcell2.831% January 1, 2006 through December 31, 2006 tcell2.801% January 1, 2007 through December 31, 2007 tcell2.760% January 1, 2008 through June 30, 2008 tcell2.719% July 1, 2008 through December 31, 2008 tcell2.48% January 1, 2009 through December 31, 2009 tcell2.4296% January 1, 2010 through December 31, 2012 tcell2.428% January 1, 2013 through December 31, 2013 tcell2.424% January 1, 2014 [and thereafter] through December 31, 2014 tcell2.42% January 1, 2015 through December 31, 2015 tcell2.2562% January 1, 2016 through December 31, 2016 tcell2.2398% January 1, 2017 through December 31, 2017 tcell2.2234% January 1, 2018 through December 31, 2018 tcell2.2070% January 1, 2019 through December 31, 2019 tcell2.1907% January 1, 2020 through December 31, 2020 tcell2.1743% January 1, 2021 through December 31, 2021 tcell2.1579% January 1, 2022 through December 31, 2022 tcell2.1415% January 1, 2023 through December 31, 2023 tcell2.1251% January 1, 2024 through December 31, 2024 tcell2.1087% January 1, 2025 and thereafter tcell2.0924%

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___________________________________

Explanation:

[Brackets] indicate matter deleted.

Italics indicate matter added.

End