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BillENACTED

Bill 050064

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," 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 Feb 3, 2005Committee on Commerce & Economic DevelopmentOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Goode

From the floor

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

  1. Okay. Stated - 3/17/05 Thank you. At this time I would ask the Chief Clerk to please read the title of Bill Number 050064.

    Council President Verna · Stated Meeting, March 17, 2005 · Mar 17, 2005 · official transcript, this passage

  2. 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. 050064 entitled an ordinance amending 19-1500 of the Philadelphia Code, entitled "Wage and Net Profits Tax," by providing for the calculation of the credit against net profits tax based upon net income tax liability, all under certain terms and conditions; respectf…

    Chief Clerk · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage

  3. Thank you, Madam President. I move that the Rules of Council be suspended so as to permit first reading this day of Bill No. 050064. (Duly seconded.)

    Councilman Goode · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage

  4. It has been moved and properly seconded that the Rules of Council be suspended so as to permit first reading this day of Bill No. 050064. All in favor will indicate by saying aye. (Aye.)

    Council President Verna · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage

  5. The ayes have it, and bill 050064 will be placed on today's First Reading Calendar. The next order of business is the consideration of the Calendar. The Chief Clerk will please read the title of the bills on today's First Reading Calendar. THE

    Council President Verna · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage

  6. And Bill No. 050064, an ordinance amending Chapter 19-1500 of the Philadelphia Code, entitled "Wage and Net Profits Tax," by providing for the calculation of the credit against net profits tax based upon net income tax liability, all under certain terms and conditions. 03/03/05 - STATED - 2ND READING

    Chief Clerk · Stated Meeting, March 3, 2005 · Mar 3, 2005 · official transcript, this passage

Status timeline

  1. Feb 3, 2005Introduced · CITY COUNCIL
  2. Feb 3, 2005Referred · CITY COUNCIL
  3. Feb 24, 2005HEARING NOTICES SENT · Committee on Commerce & Economic Development
  4. Feb 24, 2005HEARING HELD · Committee on Commerce & Economic Development
  5. Feb 24, 2005REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
  6. Mar 3, 2005SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  7. Mar 3, 2005ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Mar 3, 2005ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Mar 17, 2005READ · CITY COUNCIL
  10. Mar 17, 2005PASSED · CITY COUNCIL
  11. Mar 31, 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 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," 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 19-1500 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-1500. WAGE AND NET PROFITS TAX. * * * § 19-1506. Credits Against Tax. * * * (1) (a) 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