Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Tax," by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries, under certain terms and conditions.
Sponsor: Councilmember Quiñones Sánchez
Introduced: May 8, 2014
Signed: June 12, 2014
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill clarifies when businesses can claim a tax credit for contributions to community development corporations and healthy food initiatives in Philadelphia.
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