Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for certain exclusions relating to investments made under the federal New Market Tax Credit program, under certain terms and conditions.
Sponsor: Councilmember Tasco
Introduced: May 12, 2011
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill excludes interest and fees earned from investments made under the federal New Market Tax Credit program from Philadelphia's Business Privilege Taxes starting in Tax Year 2011.
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