header-left
Share to Facebook Share to Twitter Bookmark and Share
File #: 190810    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 10/17/2019 In control: Committee on Finance
On agenda: Final action:
Title: Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by adding a new definition to Section 19-1501 and adding a new Section 19-1507, entitled "Working Parent Tax Credit"; all under certain terms and conditions.
Sponsors: Councilmember Taubenberger
Indexes: WORKING PARENT TAX CREDIT
Code sections: 19-1500 - Wage and Net Profits Tax, 19-1501 - Definitions
Attachments: 1. Bill No. 19081000.pdf
Title
Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by adding a new definition to Section 19-1501 and adding a new Section 19-1507, entitled "Working Parent Tax Credit"; 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 amended to read as follows:
CHAPTER 19-1500. WAGE AND NET PROFITS TAX
* * *
? 19-1501. Definitions.
(1) Business. An enterprise, activity, profession or undertaking of any nature conducted for profit or ordinarily conducted for profit, whether by an individual, co-partnership, association, governmental body or unit or agency, or any other entity.
(2) Employee. Any person who renders services to another for a consideration or its equivalent, under an express or implied contract, and who is under the control and direction of the latter, including temporary, provisional, casual or part-time employment.
(3) Employer. An individual, co-partnership, association, corporation, governmental body or unit or agency, or any other entity, who or that employs one or more persons on a salary, wage, commission or other compensation basis.
(4) Low Income Non-Residents. Non-Residents who are entitled to refund and/or forgiveness of taxes pursuant to State Low-Income Tax Provisions, including those who are eligible for the maximum refund and/or forgiveness available and those who are entitled to less than the maximum percentage amount.
(5) Low Income Residents. Residents who are entitled to refund and/or forgiveness of taxes pursuant to State Low-Income Tax Provisions, including those who are eligible for the maximum refund and/or forgiveness available and those who are entitled to less than the maximum percentage amount.
(6) Net Profits. The net gain from the operation of a business, profession or enterprise, after provision for all allowable costs and expenses incurred in the conduct thereof, either paid or a...

Click here for full text