Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by eliminating for new businesses the requirement to make an estimated payment when filing a return for their first tax year of business operations and allowing the estimated payment in succeeding years to be made in quarterly installments, all under certain terms and conditions.
Sponsor: Councilmember Taubenberger
Introduced: February 1, 2018
Signed: September 20, 2018
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends the Business Privilege Tax law in Philadelphia to exempt new businesses from making an estimated payment when filing their first tax return and allows them to make quarterly payments for subsequent years.
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