Official:Amending Bill No. 210284, entitled “An Ordinance Amending Chapter 19-2600 of The Philadelphia Code, entitled ‘Business Income and Receipts Taxes,’ by revising certain tax rates, under certain terms and conditions,” to fix a mistake in identifying the tax year to which a tax reduction applies, so that the tax reduction applies in FY2023, all under certain conditions.
Sponsor: Council President Clarke
Introduced: September 15, 2022
Signed: November 3, 2022
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill fixes a mistake in a previous tax rate reduction for businesses. The tax reduction was intended to apply to tax year 2022, but it actually applied to 2023 instead. This amendment makes sure the reduction applies as originally planned.
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