Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by revising the total amount of all tax credits available in any year for new job creation, under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: October 25, 2012
Signed: November 29, 2012
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's Business Income and Receipts Taxes to increase the maximum amount of tax credits available for new job creation from 1% to 2% of the city's total revenue from business taxes.
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