Official:Amending Chapter 19-1100 of The Philadelphia Code (“Personal Property Taxes”) to impose an annual tax on certain intangible personal property, all under certain terms and conditions.
Sponsor: Councilmember Brooks
Introduced: March 31, 2022
: Committee on Finance
Status: Lapsed
This bill was introduced in the 2020–2023 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.
That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.
This bill proposes to impose an annual tax on certain types of intangible personal property owned by Philadelphia residents, such as stocks and bonds.
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