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, under certain terms and conditions.
Sponsor: Councilmember Blackwell
Introduced: January 24, 2006
Signed: May 25, 2006
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill reduced the tax rate for businesses in Philadelphia by lowering the amount of tax paid on each dollar of annual receipts and net income. The new rates went into effect starting from 2006.
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