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City Council Seeks Relief for Low-Income Residents with Gradual Tax Cuts and Retroactive Refunds

Official:Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing in three stages the rates of the tax imposed upon certain low income persons, providing for refunds of excess taxes paid, and directing the Revenue Department to prepare forms for use by eligible taxpayers seeking such refunds; all under certain terms and conditions.

Sponsor: Councilmember Cohen

Introduced: May 29, 2003

: Committee on Finance

city revenue housing taxation

Plain-Language Summary

This bill reduces taxes on low-income residents in Philadelphia by decreasing tax rates over three stages and providing refunds for excess taxes paid.

What This Bill Does

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

Decrease the rates of the tax imposed upon certain low-income persons in three stages.
Provide for refunds of excess taxes paid to eligible taxpayers.
Direct the Revenue Department to prepare forms for use by eligible taxpayers seeking refunds.
Expand the definition of "Low Income Residents" to include non-residents entitled to refund and/or forgiveness of taxes pursuant to State Low-Income Tax Provisions.