City of Philadelphia - File #: 220659-A

• File #: 220659-A
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 9/15/2022
• In control: Committee on Finance
• Final action: 11/3/2022
• Title: Amending Bill No. 220401, entitled "An Ordinance Amending Chapter 19-1500 of The Philadelphia Code, entitled 'Wage and Net Profits Tax,' by revising certain tax rates, under certain terms and conditions," to correct a typographical error in stating the period in which a reduction in the resident Net Profits Tax rate is applicable.
• Sponsors: Council President Clarke, Councilmember Jones
• Indexes: WAGE AND NET PROFITS TAX
• Code sections: 19-1500 - Wage and Net Profits Tax

Date	Ver.	Action By	Action	Result	Tally
11/9/2022	1	MAYOR	SIGNED
11/3/2022	0	CITY COUNCIL	READ AND PASSED	Pass	13:0
10/27/2022	0	CITY COUNCIL	READ
10/27/2022	1	CITY COUNCIL	AMENDED
10/27/2022	1	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
10/17/2022	0	Committee on Finance	HEARING NOTICES SENT
10/17/2022	0	Committee on Finance	HEARING HELD
10/17/2022	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
9/15/2022	0	CITY COUNCIL	Introduced and Referred

Title
Amending Bill No. 220401, entitled "An Ordinance Amending Chapter 19-1500 of The Philadelphia Code, entitled 'Wage and Net Profits Tax,' by revising certain tax rates, under certain terms and conditions," to correct a typographical error in stating the period in which a reduction in the resident Net Profits Tax rate is applicable.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

Section 1. Section 1 of Bill No. 220410, entitled "An Ordinance Amending Chapter 19-1500 of The Philadelphia Code, entitled 'Wage and Net Profits Tax,' by revising certain tax rates, under certain terms and conditions," is hereby amended to read as follows (deletions in Strikethrough; additions in Bold):

SECTION 1. Chapter 19-1500 of The Philadelphia Code is hereby amended as follows:

CHAPTER 19-1500. WAGE AND NET PROFITS TAX

* * *

?19-1502. Imposition of Tax.

(1) Tax On Salaries, Wages, Commissions And Other Compensation.

(a) Residents. An annual tax on salaries, wages, commissions and other compensation earned by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:

* * *

July 1, 2021 [, and thereafter] through June 30, 2022
2.3398%
July 1, 2022, and thereafter
2.29%

(b) Non-Residents. An annual tax on salaries, wages, commissions and other compensation earned by non-residents of Philadelphia for work done or services performed or rendered in Philadelphia is imposed for general revenue purposes for the following periods at the following rates:

* * *

July 1, 2021 [, and thereafter] through June 30, 2022
3.4481%
July 1, 2022, and thereafter
3.44%

* * *

(2) Tax On Net Profits Earned In Businesses, Professions Or Other Activities.

(a) Residents. An annual tax on the net profits earned in businesses, professions or other activities conducted by residents of Philadelphia is imposed for general revenue purposes for the following periods at the following rates:

* * *

J...