Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by extending the period that Net Operating Losses can be carried, all under certain terms and conditions.
Sponsor: Councilmember Taubenberger
Introduced: October 18, 2018
Signed: December 13, 2018
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's business tax law to allow companies to carry forward net operating losses for a longer period of time.
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