Localmedium impact · 5/10substantive040776

Philadelphia Council Slashes Business Privilege Tax Rates for Key Industries Effective Immediately

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; all under certain terms and conditions.

Sponsor: Councilmember Goode

Introduced: September 23, 2004

: Committee of the Whole

business economic development taxation

No one voted on this bill

This bill was introduced in the 2004–2007 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 reduces business privilege tax rates for certain industries in Philadelphia, with different rates applied depending on annual receipts and net income.

What This Bill Does

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

Reduces the business privilege tax rate on annual receipts for certain industries in Philadelphia, with different rates applied depending on the tax year.
Establishes a chart with varying tax rates for annual receipts and net income for different tax years (2003-2010), with a maximum net income rate of 6.50% for all tax years.
Specifies that regulated industries shall only pay an annual tax on each dollar of annual receipts at the millage rate shown in the chart, and in an amount not to exceed the percentage of net income shown in the chart.
Provides that the tax rates for tax years 2007 and thereafter will not take effect unless specifically provided for by a separate ordinance.

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