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.
* * *
CHAPTER 19-1500. WAGE AND NET PROFITS TAX.
* * *
ยง 19-1502. Imposition of Tax.
(1) Tax On Salaries, Wages, Commissions And Other Compensation.
(a) 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
1.25%
January 1, 1957 through December 31, 1960
1.50%
January 1, 1961 through December 31, 1965
1.625%
January 1, 1966 through June 30, 1968
2.00%
July 1, 1969 through June 30, 1971
3.00%
July 1, 1971 through June 30, 1976
3.3125%
July 1, 1976 through June 30, 1983
4.3125%
July 1, 1983 through June 30, 1991
4.96%
July 1, 1991 through December 31, 1995
3.46%
January 1, 1996 through June 30, 1996
3.36%
July 1, 1996 through June 30, 1997
3.34%
July 1, 1997 through June 30, 1998
3.29%
July 1, 1998 through June 30, 1999
3.1869%
July 1, 1999 through June 30, 2000
3.1135%
July 1, 2000 through June 30, 2001
3.0635%
July 1, 2001 through June 30, 2002
3.0385%
July 1, 2002 through June 30, 2003
3.00%
July 1, 2003 through December 31, 2004
2.9625%
January 1, 2005 through December 31, 2005
2.831%
January 1, 2006 through December 31, 2006
2.801%
January 1, 2007 through December 31, 2007
2.76%
January 1, 2008 through June 30, 2008
2.719%
July 1, 2008 through December 31, 2008
2.48%
January 1, 2009 through June 30, 2009
2.43%
July 1, 2009 through June 30, 2010
2.4296...
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