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BillLAPSED

Bill 050008

Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates and making such reductions contingent on an increase in the parking tax.

Introduced Jan 25, 2005Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Blackwell

Status timeline

  1. Jan 25, 2005Introduced · CITY COUNCIL
  2. Jan 25, 2005Referred · CITY COUNCIL
  3. Feb 16, 2005HEARING NOTICES SENT · Committee of the Whole
  4. Feb 16, 2005HEARING HELD · Committee of the Whole
  5. Feb 16, 2005RECESSED · Committee of the Whole
  6. Feb 23, 2005HEARING HELD · Committee of the Whole
  7. Feb 23, 2005RECESSED · Committee of the Whole
  8. Mar 2, 2005HEARING HELD · Committee of the Whole
  9. Mar 2, 2005RECESSED · Committee of the Whole
  10. Mar 8, 2005HEARING HELD · Committee of the Whole
  11. Mar 8, 2005RECESSED · Committee of the Whole
  12. Mar 9, 2005HEARING HELD · Committee of the Whole
  13. Mar 9, 2005RECESSED · Committee of the Whole
  14. Mar 15, 2005HEARING HELD · Committee of the Whole
  15. Mar 15, 2005RECESSED · Committee of the Whole
  16. Mar 16, 2005HEARING HELD · Committee of the Whole
  17. Mar 16, 2005RECESSED · Committee of the Whole
  18. Mar 22, 2005HEARING HELD · Committee of the Whole
  19. Mar 22, 2005RECESSED · Committee of the Whole
  20. Mar 23, 2005HEARING HELD · Committee of the Whole
  21. Mar 23, 2005RECESSED · Committee of the Whole
  22. Mar 29, 2005HEARING HELD · Committee of the Whole
  23. Mar 29, 2005RECESSED · Committee of the Whole
  24. Mar 30, 2005HEARING HELD · Committee of the Whole
  25. Mar 30, 2005RECESSED · Committee of the Whole
  26. Apr 5, 2005HEARING HELD · Committee of the Whole
  27. Apr 5, 2005RECESSED · Committee of the Whole
  28. Apr 6, 2005HEARING HELD · Committee of the Whole
  29. Apr 6, 2005RECESSED · Committee of the Whole
  30. Apr 12, 2005HEARING HELD · Committee of the Whole
  31. Apr 12, 2005RECESSED · Committee of the Whole
  32. Apr 13, 2005HEARING HELD · Committee of the Whole
  33. Apr 13, 2005RECESSED · Committee of the Whole
  34. Apr 21, 2005HEARING HELD · Committee of the Whole
  35. Apr 21, 2005RECESSED · Committee of the Whole
  36. Apr 28, 2005HEARING HELD · Committee of the Whole
  37. Apr 28, 2005RECESSED · Committee of the Whole
  38. May 5, 2005HEARING HELD · Committee of the Whole
  39. May 5, 2005RECESSED · Committee of the Whole
  40. May 12, 2005HEARING HELD · Committee of the Whole
  41. May 12, 2005RECESSED · Committee of the Whole
  42. May 19, 2005HEARING NOTICES SENT · Committee of the Whole
  43. May 19, 2005RECESSED · Committee of the Whole
  44. May 19, 2005HEARING HELD · Committee of the Whole
  45. May 25, 2005RECESSED · Committee of the Whole
  46. May 25, 2005HEARING HELD · Committee of the Whole

Official documents

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

Full text

Read the full text as published

..Title Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates and making such reductions contingent on an increase in the parking tax. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 19-2604 of The Philadelphia Code is amended to read as follows: §19-2604. Tax Rates, Credits, and Alternative Tax Computation. (1) Every business shall pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column of the following chart ("Receipts rate in mills"), and an annual tax on net income at the percentage rate shown in the third column ("Net income rate %"), except that a regulated industry shall only pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column, and in an amount not to exceed the percentage of net income shown in the third column: Tax year(s) Receipts rate in mills Net income rate % * * * * * * * * * 2004 2.10 mills 6.50% 2005 1.90 mills 6.50% [2006] [1.75 mills] [6.50%] [2007] [1.625 mills] [6.50%] [2008] 2006 and thereafter 1.50 mills 6.50% * * * (3) Alternative Receipts Tax Computation. A manufacturer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on manufacturing sales at the rate shown in the following chart under the column entitled "Manufacturers," multiplied by receipts from manufacturing sales after deducting the applicable cost of goods sold as determined under the rules provided by the Federal Internal Revenue Code. A wholesaler (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on wholesale sales at the rate shown under the column entitled "Wholesalers," multiplied by receipts from wholesale sales after deducting the applicable cost of goods and the applicable cost of labor. A retailer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on retail sales at the rate shown under the column entitled "Retailers," multiplied by receipts from retail sales after deducting the applicable cost of goods and the applicable cost of labor: Tax year(s) Manufacturer (mills) Wholesalers (mills) Retailers (mills) * * * * * * * * * * * * 2004 3.47 4.88 1.16 2005 3.14 4.42 1.05 [2006] [2.89] [4.07] [0.97] [2007] [2.68] [3.78] [0.90] [2008] 2006 and thereafter 2.48 3.49 0.83 * * * SECTION 2. Effective date. (1) This Ordinance shall be effective for tax year 2006 only if an Ordinance increasing the parking tax set forth in Section 19-1202(1)(b) of The Philadelphia Code to 20% becomes effective for fiscal year 2006. (2) This Ordinance shall be effective for tax year 2007 only if an Ordinance increasing the parking tax set forth in Section 19-1202(1)(b) of The Philadelphia Code to 20% becomes effective for fiscal year 2007. ..End