Official:Amending Chapter 19-3801 of The Philadelphia Code, entitled "Finance, Taxes and Collections," and such other provisions as may be appropriate, to reduce the net profits tax burden on certain existing and new businesses, for the purpose of generating growth in existing businesses, the birth of new businesses, and the creation of jobs, all under certain terms and conditions.
Sponsor: Councilmember Kenney
Introduced: May 23, 2013
Signed: June 20, 2013
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill reduces the net profits tax burden on new and existing businesses in Philadelphia to encourage growth and job creation.
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