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 Nutter
Introduced: June 16, 2005
Vetoed: January 24, 2006
: Committee of the Whole
Status: Vetoed
This bill proposes to lower tax rates for businesses in Philadelphia over several years, starting with a rate reduction in 2006 from 1.75 mills to 1.725 mills and continuing through 2017.
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