Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for the "New Philadelphia Job Creation Tax Credit," under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: January 22, 2009
Signed: June 11, 2009
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill creates a tax credit to encourage businesses to create new jobs in Philadelphia. Businesses can claim up to 2% of annual wages paid for each new job, or $1,000 per new job created, as a tax credit.
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