Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing certain exclusions, modifying certain definitions, and revising certain tax rates, all under certain terms and conditions.
Sponsor: Councilmember Sanchez
Introduced: September 8, 2011
Signed: November 3, 2011
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill makes changes to Philadelphia's business privilege tax laws, allowing taxpayers to choose between two methods of calculating their net income and revising tax rates under certain conditions.
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