civus
BillENACTED

Bill 040313

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by making permanent and clarifying the pilot program under which a Job Creation Tax Credit will be given to certain businesses that create new jobs within the City of Philadelphia; all under certain terms and conditions.

Introduced Mar 25, 2004Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember GoodeCouncilmember MillerCouncilmember MillerCouncilmember RamosCouncilmember RamosCouncilmember Reynolds BrownCouncilmember Reynolds Brown

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “Bill No. 040313 will be next called, please. THE”

    Council President Verna · Stated Meeting, May 31, 2004 · May 31, 2004 · official transcript, this passage

  2. “To the President and Members of the Council of the City of Philadelphia, the Committee of the Whole Council, to which was referred Bill No. 040009 entitled, An ordinance amending Chapter 19-1500 of The Philadelphia Code entitled Wage and Net Profits Tax by decreasing the rates of the tax by making technical amendments, changing the effective dates for rate changes and repealing certain provisions; and Bill No. 040010…”

    Chief Clerk · Stated Meeting, May 25, 2004 · May 25, 2004 · official transcript, this passage

  3. “And Bill 040313, an ordinance amending Chapter 19-2600 of The Philadelphia Code entitled Business Privilege Taxes by making permanent and clarifying the pilot program under which a job creation tax credit will be given to certain businesses that create new jobs within the City of Philadelphia.”

    Chief Clerk · Stated Meeting, May 25, 2004 · May 25, 2004 · official transcript, this passage

Status timeline

  1. Mar 25, 2004Referred · CITY COUNCIL
  2. Mar 25, 2004Introduced · CITY COUNCIL
  3. May 10, 2004HEARING NOTICES SENT · Committee of the Whole
  4. May 10, 2004HEARING HELD · Committee of the Whole
  5. May 10, 2004RECESSED · Committee of the Whole
  6. May 12, 2004HEARING HELD · Committee of the Whole
  7. May 12, 2004RECESSED · Committee of the Whole
  8. May 17, 2004HEARING HELD · Committee of the Whole
  9. May 17, 2004RECESSED · Committee of the Whole
  10. May 18, 2004HEARING HELD · Committee of the Whole
  11. May 18, 2004RECESSED · Committee of the Whole
  12. May 24, 2004HEARING NOTICES SENT · Committee of the Whole
  13. May 24, 2004HEARING HELD · Committee of the Whole
  14. May 24, 2004AMENDED · Committee of the Whole
  15. May 24, 2004REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  16. May 25, 2004ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  17. May 25, 2004SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  18. May 25, 2004ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  19. May 31, 2004READ · CITY COUNCIL
  20. May 31, 2004PASSED · CITY COUNCIL
  21. Jun 10, 2004SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

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..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by making permanent and clarifying the pilot program under which a Job Creation Tax Credit will be given to certain businesses that create new jobs within the City of Philadelphia; all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-2600 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES * * * §19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (7) Credit for New Job Creation[; Pilot Program]. (a) Definitions. For purposes of this subsection, the following definitions shall apply. (3) New Job. A full-time job, the average hourly rate, excluding benefits, for which must be at least 150% of the federal minimum wage, created within the City and County of Philadelphia by a company within five (5) years from the start date. Employment opportunities for ex-offenders must be contracted for a minimum period of at least 180 days. (10) Ex-offender. A person previously convicted of a felony, or who was incarcerated for any conviction, or who is currently on probation or parole for any conviction. * * * (d) Tax credits. * * * (5) Maximum. The total amount of all tax credits available in any year [one] for commitment under subsection (7)(c)(3) shall not exceed 1% of all revenues collected by the City through the gross receipts and net income components of the business privilege tax during the previous tax year. (e) Prohibitions. (2) Allocations. Twenty-five percent of all tax credits available in any year under section subsection (7)(d)(5) shall be available for commitment under subsection (7)(c)(3) to businesses with fewer than 25 employees or to create employment opportunities for ex-offenders. (g) The Department of Revenue shall by December 31 of each year submit a written report to the Mayor, with a copy to the President and Chief Clerk of Council, summarizing the City's experience during the prior year with the tax credit provided under this Section[, and containing any recommendations as to continuation or modification of the pilot tax credit program established by this Section ]. * * * SECTION 2. This Ordinance shall take effect immediately. ___________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End