Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by adding provisions intended to preserve and expand the provision of affordable rental housing to Philadelphia residents, including, but not limited to, excluding from the definition of “receipts” a portion of the rent received by a landlord for the rental of certain affordable housing units, and excluding certain of the net income attributable to such excluded receipts from the definition of “net income,” all under certain terms and conditions.

Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by adding provisions intended to preserve and expand the provision of affordable rental housing to Philadelphia residents, including, but not limited to, excluding from the definition of “receipts” a portion of the rent received by a landlord for the rental of certain affordable housing units, and excluding certain of the net income attributable to such excluded receipts from the definition of “net income,” all under certain terms and conditions. — Open Common Ground