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File #: 160132-A    Version: Name:
Type: Bill Status: ENACTED
File created: 2/18/2016 In control: Committee on the Environment
On agenda: Final action: 6/16/2016
Title: Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by adding a new Chapter 19-4100, entitled "New Sustainable Businesses," to reduce the tax burden on new sustainable businesses; all under certain terms and conditions.
Sponsors: Councilmember Quiñones Sánchez, Councilmember Reynolds Brown
Indexes: NEW SUSTAINABLE BUSINESSES
Code sections: 19-4200 - New Sustainable Businesses, Title 19 - FINANCE, TAXES AND COLLECTIONS
Attachments: 1. CertifiedCopy160132-A02.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/28/20162 MAYOR SIGNED   Action details Not available
6/16/20162 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
6/9/20161 CITY COUNCIL READ   Action details Not available
6/9/20162 CITY COUNCIL AMENDED   Action details Not available
6/9/20162 CITY COUNCIL ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.   Action details Not available
5/26/20161 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
5/26/20161 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
5/26/20161 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
5/19/20160 Committee on the Environment HEARING NOTICES SENT   Action details Not available
5/19/20160 Committee on the Environment HEARING HELD   Action details Not available
5/19/20160 Committee on the Environment AMENDED   Action details Not available
5/19/20161 Committee on the Environment REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
4/29/20160 Committee on the Environment HEARING NOTICES SENT   Action details Not available
4/29/20160 Committee on the Environment RECESSED   Action details Not available
2/18/20160 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by adding a new Chapter 19-4100, entitled "New Sustainable Businesses," to reduce the tax burden on new sustainable businesses; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. A new Chapter 19-4100 is added, to read as follows:

CHAPTER 19-4100. NEW SUSTAINABLE BUSINESSES.

§ 19-4101. New Sustainable Businesses.

(1) Definitions. For purposes of this Chapter, the following definitions apply.

(a) "Department" shall mean the Revenue Department.

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

(c) "New Business" shall include any business that is subject to the business income and receipts tax under Section 19-2603, but that was not subject to the business income and receipts tax under Section 19-2603 during the previous five Tax Years. Any such business shall continue to qualify as a "New Business" for two (2) Tax Years subsequent to the first Tax Year that it became subject to the business income and receipts tax under Section 19-2603.

(i) An existing business that is not subject to business income and receipts tax under Section 19-2603 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) The term "New Business" shall not include:

(.1) a business affiliated with or sharing substantial common ownership or control with a business that has filed a business income and receipts tax;

(.2) a business created through an ownership change of a business that has filed a business income and receipts tax return, including,...

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