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File #: 210284    Version: Name:
Type: Bill Status: IN MAYOR'S OFFICE
File created: 4/8/2021 In control: Committee of the Whole
On agenda: Final action: 6/23/2022
Title: Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by revising certain tax rates, under certain terms and conditions.
Sponsors: Councilmember Domb, Councilmember Squilla
Indexes: BUSINESS PRIVILEGE TAX, TAXES
Attachments: 1. CertifiedCopy21028401.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/27/20221 MAYOR SIGNED   Action details Not available
6/23/20220 CITY COUNCIL READ AND PASSEDPass14:3 Action details Not available
6/16/20221 CITY COUNCIL SUSPEND THE RULES OF THE COUNCIL   Action details Not available
6/16/20221 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
6/16/20221 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
6/15/20220 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/15/20220 Committee of the Whole HEARING HELD   Action details Not available
6/15/20220 Committee of the Whole AMENDED   Action details Not available
6/15/20221 Committee of the Whole REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
6/14/20220 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/14/20220 Committee of the Whole RECESSED   Action details Not available
6/17/20210 Committee of the Whole RECESSED   Action details Not available
6/17/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/17/20210 Committee of the Whole RECESSED   Action details Not available
6/15/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/15/20210 Committee of the Whole RECESSED   Action details Not available
6/14/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/14/20210 Committee of the Whole RECESSED   Action details Not available
6/11/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/11/20210 Committee of the Whole RECESSED   Action details Not available
6/10/20210 Committee of the Whole RECESSED   Action details Not available
6/10/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/10/20210 Committee of the Whole RECESSED   Action details Not available
6/8/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/8/20210 Committee of the Whole HEARING HELD   Action details Not available
6/8/20210 Committee of the Whole RECESSED   Action details Not available
6/2/20210 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/2/20210 Committee of the Whole HEARING HELD   Action details Not available
6/2/20210 Committee of the Whole RECESSED   Action details Not available
4/8/20210 CITY COUNCIL Introduced and Referred   Action details Not available

Title

Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by revising certain tax rates, under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1.  Chapter 19-2600 of The Philadelphia Code is hereby amended as follows:

 

CHAPTER 19-2600.  BUSINESS INCOME AND RECEIPTS TAXES

 

*                     *                     *

 

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

 

(1)  Every business shall pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column of the following chart ("Receipts rate in mills"), and an annual tax on net income at the percentage rate shown in the third column ("Net income rate %"), except that a regulated industry shall only pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column, and in an amount not to exceed the percentage of net income shown in the third column:

 

Tax year(s)

Receipts rate in mills

Net income rate %

 

*        *        *

 

2021

1.415 mills

6.20%

2022

1.415 mills

6.20%

2023 and thereafter

1.415 mills

[6.15%] 5.99%

[2024 and thereafter]

[1.415 mills]

[6.10%]

 

*        *        *

 

 

___________________________________

Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End