civus
BillENACTED

Bill 040640-AA

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

Introduced May 31, 2004Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember GoodeCouncilmember GoodeCouncilmember GoodeCouncilmember Reynolds BrownCouncilmember Reynolds BrownCouncilmember 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. “To the President and Members of the Council of the City of Philadelphia, I am pleased to advise you that on November 18, 2004, I signed the following bills that were passed by Council at its session on October 28, 2004: Bill No. 040613 and Bill No. 040765. And I signed the following bills that were passed by Council at its session on November 4, 2004: Bill No. 040640-AA, 040467 and 040873. And I am returning herewith…”

    Chief Clerk · Stated Meeting, November 18, 2004 · Nov 18, 2004 · official transcript, this passage

  2. “Thank you. The Chief Clerk will please read the title of Bill NO. 040640-AA. THE”

    Council President Verna · Stated Meeting, November 4, 2004 · Nov 4, 2004 · official transcript, this passage

Status timeline

  1. May 31, 2004Introduced · CITY COUNCIL
  2. May 31, 2004Referred · CITY COUNCIL
  3. Jun 9, 2004HEARING NOTICES SENT · Committee of the Whole
  4. Jun 9, 2004HEARING HELD · Committee of the Whole
  5. Jun 9, 2004RECESSED · Committee of the Whole
  6. Jun 10, 2004HEARING NOTICES SENT · Committee of the Whole
  7. Jun 10, 2004HEARING HELD · Committee of the Whole
  8. Jun 10, 2004AMENDED · Committee of the Whole
  9. Jun 10, 2004REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  10. Jun 10, 2004ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR · CITY COUNCIL
  11. Jun 21, 2004ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  12. Sep 30, 2004READ · CITY COUNCIL
  13. Sep 30, 2004ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING. · CITY COUNCIL
  14. Sep 30, 2004AMENDED · CITY COUNCIL
  15. Oct 14, 2004READ · CITY COUNCIL
  16. Oct 14, 2004PASSED · CITY COUNCIL
  17. Oct 28, 2004RECONSIDERED · CITY COUNCIL
  18. Oct 28, 2004READ · CITY COUNCIL
  19. Oct 28, 2004ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING. · CITY COUNCIL
  20. Oct 28, 2004AMENDED · CITY COUNCIL
  21. Nov 4, 2004READ · CITY COUNCIL
  22. Nov 4, 2004PASSED · CITY COUNCIL
  23. Nov 9, 2004SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by establishing a program under which a Job Creation Tax Credit will be given to certain businesses creating new jobs in the City of Philadelphia; all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Legislative Findings. A. The City of Philadelphia has been losing jobs for several decades. It is therefore vitally important that the City position itself to attract employers in order to compete in the national economy and stimulate the economy of the City of Philadelphia and the region as a whole. An increase in jobs will have a ripple effect, positively impacting the real estate market, the retail and hospitality sectors and even the industrial economy of the greater Philadelphia area and Pennsylvania. An increase in the number of jobs in the City of Philadelphia can significantly improve the economy and quality of life of the entire City of Philadelphia and surrounding region. B. The Philadelphia region is faced with the challenge of competing in a global, increasingly knowledge-based economy. Preserving the character of the City and its surrounding counties is integral to maintaining the region's uniqueness and attractiveness as a tourist destination. Therefore, the economic growth necessary to maintain the region's vitality must be first directed towards the City, which has the resources and infrastructure appropriate for sustaining that development. C. With excellent highway and transit access the City of Philadelphia is extraordinarily well positioned to attract and retain the jobs necessary for revitalizing the Philadelphia regional economy and creating jobs for residents of city neighborhoods. SECTION 2. 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. * * * (d) Tax Credits. (1) Maximum Amount. A business may claim a tax credit [of] in an amount equal to two percent of the annual wages paid for each new job, or $1,000 per new job created, whichever is higher, up to the maximum job creation amount specified in the commitment letter. The Department shall establish by regulation a methodology by which the annual wages paid by each new job are to be determined. * * * __________________ Explanation: [Brackets] indicate matter deleted Italics indicate new matter added ..End