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File #: 160094    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 2/4/2016 In control: Committee on Finance
On agenda: Final action:
Title: Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," to provide a tax credit and refund of excess taxes paid for certain low-income taxpayers whose children are enrolled in qualified early childhood education or care programs, establishing standards of eligibility and procedures, and making technical changes, all under certain terms and conditions.
Sponsors: Councilmember Johnson
Indexes: WAGE AND NET PROFITS TAX
Code sections: 19-1500 - Wage and Net Profits Tax
Attachments: 1. Bill No. 16009400.pdf
Title
Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," to provide a tax credit and refund of excess taxes paid for certain low-income taxpayers whose children are enrolled in qualified early childhood education or care programs, establishing standards of eligibility and procedures, and making technical changes, all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-1500 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-1500. WAGE AND NET PROFITS TAX.

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ยง 19-1509. Tax Credit for Enrollment of Children in Qualified Early Childhood Education Programs.

(1) Definitions. The following definitions apply to this Section.

(a) Keystone STARS Performance Standards. Performance standards established through the Pennsylvania Department of Public Welfare's Keystone STARS Initiative designed to improve programs that serve young children.

(b) Qualified Early Childhood Education Program or "QECEP". A pre-kindergarten, nursery school, child care or similar early childhood program that has a Keystone STARS Performance Standards rating of STAR 1, STAR 2, STAR 3 or STAR 4.

(c) Taxpayer's Child. A taxpayer's child or children or a child or children for whom the taxpayer is a legal guardian.

(2) Eligibility.

(a) Beginning with taxes paid in calendar year January 1, 2017 through December 31, 2017, and for each calendar year thereafter, Low Income Residents and Low Income Non-Residents shall be entitled to a tax credit against taxes paid pursuant to subsections 19-1502(1) and 19-1502(2), in the form of a refund of up to a maximum of the amount actually paid, based on the costs paid by the taxpayer for any Qualified Early Childhood Education Program in which the Taxpayer's Child is enrolled, provided the following conditions are...

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