Bill 041072
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for the calculation of the credit against net profits tax based upon net income tax liability, where a credit is received against net income tax for contributions to community development corporations undertaking economic development activities within the City of Philadelphia; all under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“To the President and Members of the Council of the City of Philadelphia, I am pleased to advise you that March 3, 2005, I signed the following bill that was passed by Council at its Session on February 17, 2005: Bill No. 041072. And I am transmitting for the consideration of honorable body an ordinance dissolving the network tax increment financing district being the area generally bounded by 16th Street on the west,…”
Chief Clerk · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage
“Thank you, Madam President. Today, Bill No. 041072 is being called up for second reading and final passage. All other bills are being held.”
Councilwoman Blackwell · Stated Meeting, February 17, 2005 · Feb 17, 2005 · official transcript, this passage
“Thank you. The Chief Clerk will please read the title of Bill No. 041072. THE”
Council President Verna · Stated Meeting, February 17, 2005 · Feb 17, 2005 · official transcript, this passage
“Bill No. 041072, an ordinance amending Chapter 19-2600 of the Philadelphia Code entitled "Business Privilege Taxes" by providing for the calculation of the credit against net profits tax based upon net income tax liability, all under certain terms and conditions.”
Chief Clerk · Stated Meeting, February 10, 2005 · Feb 10, 2005 · official transcript, this passage
“To the President and Members of the Council of the City of Philadelphia, the Committee on Commerce and Economic Development to which was referred Bill No. 041072 entitled an ordinance amending Chapter 19-2600 of the Philadelphia Code entitled "Business Privilege Taxes" by 02/03/05 - STATED - 1ST READING providing for the calculation of the credit against net profits tax based upon the net income tax liability, all un…”
Chief Clerk · Stated Meeting, February 3, 2005 · Feb 3, 2005 · official transcript, this passage
“Thank you. Bill No. 041072 will be placed on our First Reading Calendar for our next Council Session. The next order of business is the consideration of the Calendar. The Chief Clerk will please read the title of the bills on the First Reading Calendar. THE”
Council President Verna · Stated Meeting, February 3, 2005 · Feb 3, 2005 · official transcript, this passage
Status timeline
- Dec 9, 2004Referred · CITY COUNCIL
- Dec 9, 2004Introduced · CITY COUNCIL
- Jan 27, 2005HEARING NOTICES SENT · Committee on Commerce & Economic Development
- Jan 27, 2005REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
- Feb 3, 2005ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR · CITY COUNCIL
- Feb 17, 2005READ · CITY COUNCIL
- Feb 17, 2005PASSED · CITY COUNCIL
- Mar 3, 2005SIGNED · 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 providing for the calculation of the credit against net profits tax based upon net income tax liability, where a credit is received against net income tax for contributions to community development corporations undertaking economic development activities 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 Calculation. * * * (5) The credit against net profits tax liability, provided under §19-2604(4), shall be calculated without regard to any reduction in tax provided under §19-2604(6), relating to Credit for Contributions to Community Development Corporations. *** SECTION 2. This Ordinance shall take effect immediately. ______________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End