Localmedium impact · 5/10substantive010568

Philadelphia Lawmakers Propose Lower Tax Rates for City Businesses Under Proposed Code Changes

Official:Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, and by making technical amendments; all under certain terms and conditions.

Sponsor: Councilmember Kenney

Introduced: October 4, 2001

Voted: December 31, 2003

: Committee on Finance

business finance taxation

No one voted on this bill

This bill was introduced in the 2000–2003 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill revises tax rates for Philadelphia's business privilege tax, reducing certain tax rates and making technical amendments to the city code.

What This Bill Does

AI-written. Every figure is checked against the bill text.

Reduces certain tax rates for the business privilege tax in Philadelphia, specifically lowering the millage rate for annual receipts for various years from 3.05 mills in 1985 to 0.48 mills in 2006.
Keeps the net income rate for all years at 6.5%.
Limits the tax paid by a regulated industry to a percentage of net income, in addition to the tax paid on annual receipts.
Changes the tax computation for persons registered under the Pennsylvania Securities Act of 1972, stating that the annual tax for these entities shall not exceed a certain amount.