Official:Amending subsection 19-2604(6) of The Philadelphia Code, under which businesses may enter into agreements to make contributions to community development corporations and certain other organizations to receive credits against business income and receipts taxes, by increasing the number of businesses for which the credit shall be made available to, all under certain terms and conditions.
Sponsor: Councilmember Henon
Introduced: March 22, 2018
Signed: June 21, 2018
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill increases the number of businesses eligible for a tax credit when they contribute to certain community development organizations and healthy food initiatives.
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