Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," to revise the Sustainable Business Tax Credit by changing the criteria for eligibility, by increasing the number of eligible businesses, by increasing the total tax credit amount, and by expanding the credit so that it applies against Sustainable Businesses' total business income and receipts tax liability; all under certain terms and conditions.
Sponsor: Councilmember Quiñones Sánchez
Introduced: February 18, 2016
Signed: June 16, 2016
: Committee on the Environment
Status: Signed into Law, step 4 of 4
This bill increases tax credits for businesses that are certified as socially responsible (B Corps) to help them grow and contribute to the city.
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