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File #: 200016    Version: Name:
Type: Bill Status: ENACTED
File created: 1/23/2020 In control: Committee on Finance
On agenda: Final action: 2/27/2020
Title: Amending Section 19-1508 of The Philadelphia Code, entitled "Refunds and Forgiveness for Poverty Income," to revise the tax rate, under certain terms and conditions.
Sponsors: Councilmember Domb, Councilmember Quiñones Sánchez, Councilmember Green, Councilmember Parker, Councilmember Johnson, Councilmember Gauthier, Councilmember Jones, Councilmember Squilla, Councilmember Oh, Councilmember Thomas, Councilmember Gilmore Richardson, Councilmember Bass
Indexes: REFUNDS AND FORGIVENESS FOR POVERTY INCOME
Code sections: 19-1508 - Refunds and Forgiveness For Poverty Income
Attachments: 1. Bill No. 20001600.pdf, 2. CertifiedCopy20001601
Title
Amending Section 19-1508 of The Philadelphia Code, entitled "Refunds and Forgiveness for Poverty Income," to revise the tax rate, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-1508 of The Philadelphia Code is hereby amended to read as follows:

? 19-1508. Refunds and Forgiveness for Poverty Income.

(1) Low Income Residents.

(a) Beginning with the calendar year January 1, 2015 through December 31, 2015, and for each calendar year [thereafter,] through June 30, 2020, the rate of tax imposed on Low Income Residents under ? 19-1502(1)(a) and (2)(a) shall be one half of one percent (0.5%) less than the rate of tax imposed upon Residents during such periods.

(b) Beginning January 1, 2020, the rate of tax imposed on Low Income Residents under ? 19-1502(1)(a) (tax on salaries, wages, etc.) shall be as follows:

(.1) From January 1, 2020, through June 30, 2020: 1.8712%.

(.2) For the fiscal year July 1, 2020, through June 30, 2021, and thereafter: zero.

(c) Beginning January 1, 2020, the rate of tax imposed on Low Income Residents under ? 19-1502(2)(a) (tax on net profits) shall be as follows:

(.1) For the calendar year January 1, 2020, through December 31, 2020, and thereafter: zero.

(2) Low Income Non-Residents.

(a) Beginning with the calendar year January 1, 2015 through December 31, 2015, and for each calendar year [thereafter,] through June 30, 2020, the rate of tax imposed on Low Income Non-Residents under ? 19-1502(1)(b) and (2)(b) shall be one half of one percent (0.5%) less than the rate of tax imposed upon Non-Residents during such periods.

(b) Beginning January 1, 2020, the rate of tax imposed on Low Income Non-Residents under ? 19-1502(1)(b) (tax on salaries, wages, etc.) shall be as follows:

(.1) From January 1, 2020, through June 30, 2020: 2.9481%.

(.2) For the fiscal year July 1, 2020, through June 30, 2021, and therea...

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