Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by revising certain tax rates, under certain terms and conditions.
Sponsor: Councilmember Domb
Introduced: April 8, 2021
Signed: June 23, 2022
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill revises tax rates for businesses in Philadelphia. It lowers net income tax rates from 6.20% to 5.99%, effective 2023 and thereafter.
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