Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Tax," by revising the alternative receipts tax computation, under certain terms and conditions.
Sponsor: Councilmember Quiñones Sánchez
Introduced: June 6, 2013
Signed: June 20, 2013
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill revises the alternative receipts tax computation for businesses in Philadelphia, aligning it with changes made to the gross receipts tax rate. The revised rates will be applied starting from 2008 and continue through future years.
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