Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," to revise the Credit for New Job Creation by changing the minimum wage requirement in the definition of "New Job"; and by providing an additional "Special Tax Credit Opportunity for Job Creation" in the form of a multi-year tax credit for certain new jobs created in 2015; all under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: September 11, 2014
Signed: October 16, 2014
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill amends the Philadelphia Code to increase the minimum wage requirement for new jobs created in the city and provide a tax credit opportunity for businesses that create new jobs in 2015.
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