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Philadelphia Low-Income Tax Rate Cut Kicks In As Revenue Department Prepares Refund Forms For Eligible Taxpayers

Official:Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing in six 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

finance housing taxation

Plain-Language Summary

This bill reduces the tax rates for low-income individuals in Philadelphia by decreasing the rate of tax imposed on them in stages, and allows eligible taxpayers to claim refunds for excess taxes paid.

What This Bill Does

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

Decreases the rate of the tax imposed on low-income individuals in six stages.
Allows eligible taxpayers to claim refunds for excess taxes paid.
Directs the Revenue Department to prepare forms for use by eligible taxpayers seeking refunds.
Provides for refunds under certain terms and conditions, including for non-residents who are entitled to refund and/or forgiveness of taxes pursuant to State Low-Income Tax Provisions.