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Philadelphia Council Votes to Revamp Business Tax Laws, Offering Credits for Firms Based on Gross Receipts.

Official:Amending Section 19-2604, relating to tax rates, credits and alternative tax computation for the business privilege tax, by providing that a portion of the tax based upon gross receipts may be taken as a credit against the tax based upon net income, and making technical amendments to Section 19-1506 of The Philadelphia Code, relating to credits against the wage and net profits tax, all under certain terms and conditions.

Sponsor: Councilmember Sanchez

Introduced: October 23, 2008

: Committee on Finance

business finance taxation

No one voted on this bill

This bill was introduced in the 2008–2011 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 makes changes to the business privilege tax and wage/net profits tax in Philadelphia. It allows businesses to take a credit against their net income tax based on their gross receipts tax. This means that some businesses may pay less tax under certain conditions.

What This Bill Does

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

Businesses can take a credit against their net income tax based on their gross receipts tax, up to 60% of the tax liability.
The credit against net profits tax liability is calculated without regard to other tax reductions, such as the Credit for Gross Receipts Tax Against Net Income Tax or the Credit for Contributions to Community Development Corporations.
The bill makes technical amendments to Section 19-1506 of The Philadelphia Code, relating to credits against the wage and net profits tax.
The bill applies these changes to the business privilege tax and wage/net profits tax in Philadelphia.