City of Philadelphia - File #: 180261-A

• File #: 180261-A
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 3/22/2018
• In control: Committee on Finance
• Final action: 6/21/2018
• Title: Amending subsection 19-2604(6) of The Philadelphia Code, under which businesses may enter into agreements to make contributions to community development corporations and certain other organizations to receive credits against business income and receipts taxes, by increasing the number of businesses for which the credit shall be made available to, all under certain terms and conditions.
• Sponsors: Councilmember Henon
• Indexes: AGREEMENTS, BUSINESS INCOME AND RECEIPTS TAXES
• Code sections: 19-2604 - Tax Rates, Credits, and Alternative Computation

Date	Ver.	Action By	Action	Result	Tally
8/22/2018	1	MAYOR	SIGNED
8/22/2018	1	MAYOR	SIGNED
6/21/2018	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
6/14/2018	0	CITY COUNCIL	READ
6/14/2018	1	CITY COUNCIL	AMENDED
6/14/2018	1	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
5/24/2018	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
5/24/2018	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
5/24/2018	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
5/22/2018	0	Committee on Finance	HEARING NOTICES SENT
5/22/2018	0	Committee on Finance	HEARING HELD
5/22/2018	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
3/22/2018	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending subsection 19-2604(6) of The Philadelphia Code, under which businesses may enter into agreements to make contributions to community development corporations and certain other organizations to receive credits against business income and receipts taxes, by increasing the number of businesses for which the credit shall be made available to, all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-2604 of The Philadelphia Code is hereby amended to read as follows:

§19-2604. Tax Rates, Credits, and Alternative Tax Computation.

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6) Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries.

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(c) Subject to the provisions of subsection (6)(f), the tax credit under this subsection (6) shall be available to up to [forty (40)] forty-five (45) businesses, with respect to contributions to Qualifying CDCs or Qualifying Nonprofit Intermediaries, and up to two (2) businesses, with respect to contributions to Qualifying Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives, that enter into a contribution agreement with the City under which the business agrees to contribute $100,000 in cash per year for ten consecutive years to a Qualifying Organization designated by the business. No tax credit shall be given for any contributions made by a business to a Qualifying Organization other than pursuant to a contribution agreement with the City executed under the terms and conditions of this subsection (6).

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(d) The Revenue Department shall provide application forms for businesses that wish to apply for tax credits under this Section, and it shall enter into contribution agreements under this Section with up to [forty (40)] forty-five (45) applicants, with respect to...