Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by establishing a pilot program under which a credit against business privilege taxes will be given to certain businesses that contribute monies to community development corporations undertaking economic development activities within the City of Philadelphia; all under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: September 13, 2001
Signed: November 1, 2001
: Committee on Finance
Status: Signed into Law, step 4 of 4
This law creates a pilot program where businesses that contribute $100,000 to community development corporations (CDCs) can get a tax credit of up to $100,000 per year against their business privilege taxes.
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