Official:Amending Section 19-2604 of The Philadelphia Code, relating to tax rates and credits for the business privilege tax, by amending the credit for contributions to community development corporations to allow a business that terminated a contribution agreement to remain eligible for future tax credits under the provision that permits two businesses to apply jointly for the tax credit, under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: January 28, 2010
Signed: March 11, 2010
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's tax law to allow businesses that have terminated their contribution agreements with community development corporations (CDCs) to remain eligible for future tax credits if they apply jointly with another business.
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