Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by creating the "Philadelphia Internship Tax Credit," under certain terms and conditions.
Sponsor: Councilmember Jones
Introduced: April 8, 2010
Signed: June 17, 2010
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill creates a tax credit for businesses that provide internships to students. Businesses can claim up to $600 or 40% of the compensation paid to an intern per year, but with certain conditions and limitations.
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